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German concern Hugo Boss AG can sell its assets and liabilities in the Russian Federation and focus on wholesale deliveries to the country. Kommersant writes about it.
According to the source, the concern is currently negotiating the sale of Russian assets, as evidenced by the company's report for the first half of 2023.
In the press The Hugo Boss service noted that the company is revising its business structure in Russia and plans to find a solution that corresponds to the business model of the concern.
It is reported that at the end of last year there were 19 stores in the Russian Federation under the management of Hugo Boss Rus.