FAS approved the purchase of retail chains Zarina, Befree, Sela and Love Republic – Kommersant
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The Federal Antimonopoly Service (FAS) of Russia allowed the company “Radio Advertisement NN” to acquire retail chains Zarina, Befree, Love Republic and Sela. According to the Unified State Register of Legal Entities (.pdf), Radio Reklama NN LLC is 99.9% owned by Infrastructure Holding-1 LLC, which is owned by Ivan Tavrin’s Kismet Capital Group LLC.
“The Federal Antimonopoly Service approved the application of Radio Reklama NN to acquire the retail chains Zarina, Befree, Love Republic and Sela. According to the service, the deal will not affect the state of competition in the clothing, footwear and accessories retail markets,” the FAS said in a statement. Telegram.
According to the service, Radio Reklama NN plans to acquire up to 75% of the shares of MFG Invest JSC, as well as the right to control the activities of Melon Fashion Group JSC and Taxi.Style LLC.
August 7 Swedish company Eastnine reported, which entered into an agreement to sell a 36% stake in Melon Fashion Group for 15.6 billion rubles. The Russian company GEM Invest was listed as the buyer. The deal should be completed within two weeks.
More details – in the material “Kommersant” “Eastnine gets rid of clothes”.
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