EconomyFAS receives a petition for the acquisition of the...

FAS receives a petition for the acquisition of the Lamoda business by a German company

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A sign at the entrance to the building of the Federal Antimonopoly Service of Russia. archive photo

FAS received a petition by a German company for the acquisition of the Lamoda business in Russia

MOSCOW, November 29 – RIA Novosti. The Federal Antimonopoly Service of the Russian Federation (FAS) has received a petition from the German company Eastrealty Beteiligungs- Und Verwaltungs Gmbh to take over the Russian company Lamoda. informs Section.

“FAS has received a petition from Istrielti Beteiligungs-und Verwaltungs GmbH to acquire the Russian business of Lamoda.delivery, Lamoda Tech LLC,” the message states.

It was noted that the service “will, in due course, assess the impact of the transaction on Russia’s online retail market for fashion products.”

At the same time, in early October, Singaporean e-commerce conglomerate Global Fashion Group (GFG) reportedly agreed to sell Lamoda’s business in Russia, Belarus and Kazakhstan to Yakov Panchenko, owner of Russian Stockmann.

Lamoda is one of the largest online stores in Russia and the CIS. The company also operates in Kazakhstan and Belarus. He has been a part of Global Fashion Group since 2014.

Source: Ria

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