STC Vice President Lyulin believes that brands have nowhere to return
There are almost no trading platforms where the departed brands from Russia could return. About this in a special report by Leyla Alnazarova on the air of "Russia 24" said Vice-President of the Union of shopping centers Pavel Lyulin.
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📝 Summary
There are almost no trading platforms where the departed brands from Russia could return. About this in a special report by Leyla Alnazarova on the air of "Russia 24" said Vice-President of the Union of shopping centers Pavel Lyulin.
According to financial reports of Western companies, their withdrawal from Russia led to losses of $ 13.6 billion. “Of course, it will be more difficult for them, because they will have to squeeze in, negotiate, look for sites, and there are practically no such sites. Not so long ago, in one of the largest shopping centers in St. Petersburg, the last site where Uniqlo worked was occupied by the Russian brand Lime. And this suggests that they will have to be difficult. But on the other hand, it can spur the development of the construction of shopping centers or multi-format facilities, where there is a part of retail, part of entertainment formats. Including due to these investments from returning brands, he said. Lulin believes that departed brands should pay for the return. The Turks, for example, have a program to support their own retail. I think we can also have such a program and a returning brand can pay for it. Invest, so to speak. This may be in the form of any duties or contributions, the expert said. Russian brands will remain a priority, and Western companies that decided to return to Russia will be closely considered by the state. This was previously stated in an interview with the author and co-host of the program “Moscow. Kremlin. Putin” Pavel Zarubin, First Deputy Prime Minister Denis Manturov.
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