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Stockmann Oyj Abp to open fashion store in Russia with Bestseller A/S.

NORDIC BUSINESS REPORT-26 October 2004-Stockmann Oyj Abp to open fashion store in Russia with Bestseller A/S(C)1994-2004 M2 COMMUNICATIONS LTD http://www.m2.com

Finnish department store chain Stockmann Oyj Abp said on Tuesday (26 October) that it had signed a cooperation agreement with the fashion store chain Bestseller A/S on establishing a store chain in Russia.

The first Bestseller multi-brand fashion store with 1,700 square metres of retail space would be opened in the Mega North Shopping Centre in Moscow during spring 2005, according to the company.

Both companies believe that joining their business forces would bring noticeable value, added to the business development in the fast developing Russian consumer markets, Stockmann added.

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Publication:Nordic Business Report
Article Type:Brief Article
Geographic Code:4EXRU
Date:Oct 26, 2004
Words:130
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