OREANDA-NEWS The management of the Italian fashion retailer Benetton intends to change the format of work in Russia, the brand is going to focus, among other things, on optimizing its presence in the country. The Izvestia newspaper reports on the revision of the company's business strategy, citing sources familiar with the situation.

We are not talking about a full-fledged curtailment of the company's activities in Russia, the newspaper's interlocutors note. However, the company plans to reduce the number of its own outlets in the country. "The chain no longer opens its own stores in Russia, with the exception of outlets operating under the partner model," the article says.

The Italian company's operations in Russia are conducted by Benetton Russia LLC and Kazan Real Estate LLC, which belongs to it. At the end of October, there were a total of 63 retail stores in the country, including 49 partner outlets. According to the results of last year, according to the reports of Kazan Real Estate, 7 addresses, including Sisley stores, disappeared from the list.