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Business

Mexx set to exit Russian market in late July

London - Dutch fashion retailer Mexx is set to exit the Russian market by the end of the month. Mexx aims to shut down its last store in the country by late July, located in shopping centre Zolotoi Vavilon, according to Denis Bogatyrev, the general director of BNS Group, which oversees Mexx's wholly-owned and franchise stores in the country....

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BusinessFeatured

Mexx acquired for 21 million euros

Turkish company Eroglu Holding reportedly paid a total of 21 million euros for the restarted Dutch fashion label Mexx, a fraction of the price paid for the label when its founder Rattan Chadha first sold it off to American firm Liz Claiborne for 430 million dollars. The Turkish textile and retail company was revealed to be the new owners of Mexx...

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