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Asos.com Seeking Entry in Russia
18.12.2012 09:00

A major British online retailer is expected to create a stronghold on the Russian market in 2013.


      
According to RBC daily, Asos.com is planning to buy a local player, with Wildberries tipped to be the potential partner.

      
Set up in 2004 by the Bakalchuk family, the Wildberries chain is known for a loyal custome base and keeping a low profile concerning its financial reports. Its product line includes leading European brands of clothes and footwear.

      
InSales, a private comsulting firm, estimates the company's 2011 revenues at 2.3 billion roubles.

      
 

Sources: http://www.rbcdaily.ru 

Author: Mikhail Vesely

Tags: Russian business Russian retail industry Wildberries   

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