Retail expansion continues in Russia

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Following Armani Exchange (from Italy), Hunkemoller (Netherlands) and Superdry (U.K.) in 2016, the British retailer LK Bennett made inroads in Russia’s fashion sector in March 2017. In the beauty sector, The Nature Republic (South Korea) and Nyx (France) opened in Mega malls in 2016, owned by Ikea-Centres. Kiko Milano opened its 1st city centre unit in Moscow in March 2017 (170 sq.m on Kuznyetskyi Most street) and Giorgio Armani Beauty chose Atrium Mall in April. In the grocery secto

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