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American Marketplace iHerb Opens a Division in Russia
21.11.2019 00:44
 American Marketplace iHerb Opens a Division in Russia

The local division of the American marketplace iHerb will be opened In Russia and headed by former Ozon and Unilever top manager Ilya Mikin, Kommersant reports. According to the source of the publication, the company has already rented a room in WeWork coworking in the Belaya Ploshchad business center near the Belorusskaya metro station.

      IHerb Marketplace sells natural supplements, cosmetics and other products. It is one of the largest stores of its kind - in October 2019, the marketplace website was visited by 33.4 million people, and, as the head of the Association of Internet-trading companies Artem Sokolov notes, the Russian market is the largest for iHerb.

As the adviser to the law firm Tomashevskaya & Partners Roman Yankovsky notes, by opening an office in Russia iHerb can get rid of claims related to the distance trading of dietary supplements prohibited in the country. In Russia, they tried to block the iHerb application through the court due to the trade in substances prohibited in Russia. These products, even if the Russian unit is opened, will have to be removed from the assortment, the lawyer said.


Author: Anna Dorozhkina

Tags: Russian business Russian economy Russian companies   

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