Four large Finnish players left the Russian market or announced the sale of business. Revenues are falling, and prospects are not clear, their owners say.
Stockmann supermarket in the Nevsky Center shopping center sells out the stock on hand and will stop working intwo weeks.
Finnish retailer Stockmann sells its Russian network of stores to Reviva Holdings Ltd., which owns Russia's Debenhams franchise network. Two years later, the Finnish shops chain will replace the British stores.