AFK Sistema to acquire stake in Russian fashion retailer

melon1Russian financial conglomerate AFK Sistema, which is owned by billionaire Vladimir Yevtushenkov, is acquiring a 47.7% stake in Melon Fashion Group in a move that will make the company one of the leading players in the Russian fashion retail scene.

For the full story, see the December 2022 edition of Textiles Eastern Europe.


Photo: Melon Fashion Group