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

Implementation date

24 Apr 2024

Revocation date:

No revocation date

Announced: 24 Apr 2024
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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Announced: 24 Apr 2024
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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Related State Acts

Announced: 28 Dec 2024

Russia: Vinci SA conducts divestment from the Russian market with the government authorisation

Announced: 05 Dec 2024

Russia: Roca Group completes its divestment from the Russian market with government authorisation

Announced: 03 Oct 2024

Russia: UNIQA and Raiffeisen Bank International sell their shares in the Russian insurance company with government authorisation

Announced: 25 Sep 2024

Russia: Marsh & McLennan Companies completes its divestment from the Russian market with government authorisation

Announced: 04 Sep 2024

Russia: Government authorises the divestment of Unilever from the Russian market

Announced: 11 Apr 2024

Russia: Several Japanese companies divest from TM Baikal with government authorisation

Announced: 22 Mar 2024

Russia: Danone receives government authorisation for the sale of its Russian business to Vamin R LLC

Announced: 05 Mar 2024

Russia: Government commission authorised the sale of Yandex NV's shares to Russian investors

Announced: 15 Feb 2024

Russia: Daimler Truck secures government authorisation for selling its stake in Kamaz

Announced: 20 Dec 2023

Russia: Bridgestone secures government authorisation for divestment from the Russian market

Announced: 19 Dec 2023

Russia: Hyundai Motor secures government authorisation for divestment from the Russian market

Announced: 04 Dec 2023

Russia: Adeo Group conducts divestment from the Russian market with the government authorisation

Announced: 18 Sep 2023

Russia: Mondi secures government authorisation for the sale of the Russian business

Announced: 21 Jul 2023

Russia: Government authorises Decathlon's divestment

Announced: 19 May 2023

Russia: Volkswagen secures government authorisation to exit the Russian market

Announced: 26 Apr 2023

Russia: Mercedes-Benz secures government authorisation for divestment from the Russian market

Announced: 20 Apr 2023

Russia: Henkel secures government authorisation for divestment from the Russian market

Announced: 14 Mar 2023

Russia: Nokian Tyres secures government authorisation for the sale of Russian business

Announced: 21 Feb 2023

Russia: Authorisation of Emerson's divestment from the Russian market

Announced: 16 Feb 2023

Russia: Government clears the divestment of IKEA

Announced: 08 Feb 2023

Russia: Government authorises VEON's divestment

Announced: 31 Jan 2023

Russia: Hitachi Energy receives government authorisation for divestment

Announced: 08 Sep 2022

Russia: Restriction for the investors from "unfriendly states" in the "establishment, modification or termination" of ownership of Russian LLCs

Announced: 15 Jun 2022

Russia: Kinross Gold secures government authorisation for divestment from the Russian market

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