Global Trade Alert
Global Trade Alert

Russia: Government authorises Hugo Boss's sale of Russian business

Announcement

24 Apr 2024

In April 2024, the government of Russia reportedly authorised the sale of Hugo Boss's assets to Stockmann JSC.

Source

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Number of interventions

2

0 certainly harmful

0 likely harmful

2 liberalising

List of interventions

2 in force

Implementation date

24 Apr 2024

Revocation date:

No revocation date

FDI: Treatment and operations, nes In force

On 24 April 2024, the Government Commission for Control Over Foreign Investments reportedly authorised Hugo Boss, a German fashion company, to sell its Russian business to Stockmann JSC, its Russian w...

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Controls on commercial transactions and investment instruments In force

On 24 April 2024, the Government Commission for Control Over Foreign Investments reportedly authorised Hugo Boss, a German fashion company, to sell its Russian assets to Stockmann JSC, its wholesale p...

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