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125
Fashion Jobs
SHISEIDO
Manager - Finance And Accounts (Business Process, Operations & Financial Compliance)
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Sales Supervisor / Assistant Sales Supervisor (Fmcg)
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Retail Operations Manager (Station in Kuala Lumpur, Malaysia)
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Assistant Visual Merchandising Manager
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Senior Sales Manager (Printing/Paper Packaging)
Permanent · TIJUANA
SHISEIDO
Senior Manager - Financial Planning & Analysis, Finance And Accounts
Permanent · Hong Kong
SHISEIDO
Contract Manager - Financial Planning & Analysis, Finance And Accounts
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager - Apparel And Sports Goods (Station in Shanghai, Prc)
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Senior Garment Technician - Lingerie
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Fabric Sales Manager/ Sales Executive
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Factory Manager (Stationed in Bangladesh)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
General Manager (Stationed in Bangladesh)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Logistics & Warehouse Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
National Business Trainee (3d Artistist / Designer) - 2-Year Programme
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Quality Manager
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Divisional Sales Manager
Permanent · TIJUANA
SHISEIDO
Senior Manager - Omnichannel Strategy & Innovation, Digital Shared Services
Permanent · Hong Kong
SHISEIDO
Officer - HR Operations, Human Resources
Permanent · Hong Kong
NIKE
HR Manager/Assistant Manager - Hrbp (1-Year Contract)
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Sales Executive
Permanent · CLEARWATER
TRIUMPH
Brand Merchandising Manager
Permanent · KOWLOON BAY
BESTEAM PERSONNEL CONSULTANCY LTD.
Marketing Executive / Marketing Supervisor / Assistant Marketing Manager
Permanent · CLEARWATER
By
Reuters
Published
Oct 23, 2014
Reading time
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Russia's Sistema buys stake in fashion retailer

By
Reuters
Published
Oct 23, 2014

MOSCOW, Russia - Russian oil-to-telecoms conglomerate Sistema has acquired a minority stake in mass-market clothing company Concept Group, increasing its exposure to the fast-growing retail market.

The deal, worth around 1 billion roubles ($24 million), also gives Sistema an option to increase its holding and take control of the fashion clothing retailer within three years.

Bestia AW2014. City. By Concept Club | Source: Facebook


An economic slowdown and a slump in the rouble amid Western sanctions over Moscow's role in the Ukraine crisis have taken a toll on consumption but while people delay making large purchases, such as cars, retailers of food and affordable apparel traditionally prove more resilient in downturns.

Sistema, whose key assets are Russia's biggest mobile operator MTS and oil firm Bashneft, already owns Russia's top children's goods retailer Detsky Mir and a stake in online retailer Ozon along with dozens of assets in industries ranging from banking to transportation.

"The Russian clothing market has been developing rapidly over many years and has high potential for organic and non-organic growth," Mikhail Shamolin, Sistema CEO, said in a statement announcing the deal.

Founded in 2004, Concept Group develops and sells women's clothing, accessories, lingerie and children's wear through its own and franchised stores, the Internet, and through wholesale.

Its 287 stores generated more than 5 billion roubles in revenues last year, a year-on-year increase of almost 40 percent, according to Sistema's statement. Sistema made around $36 billion in 2013 sales.

Shares in Sistema were down around 2 percent by 1230 GMT, extending a more than 60 percent fall since mid-September when its chairman and main owner Vladimir Yevtushenkov was accused of money-laundering in connection to Bashneft acquisition in 2009.

A Moscow court is scheduled to hear in a lawsuit filed by the Russian prosecutor general's office, seeking to restore Bashneft to state ownership, on Thursday.

1 US dollar = 41.0240 Russian roubles


 

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