- Moscow, Russia
- Initial investment:
The pioneer and leading off-price retailer in Russia, one of the biggest Russian retailers that sells a wide range of clothing and accessories. Founded in 2000, Familia now has more than 200 stores in more than 70 Russian cities.
Company demonstrates steadily high growth rate and opens 7-10 new stores quarterly in different regions of Russia. Average store’s trade area is 1300 sq. m.
The essence of off-price business model, very popular abroad, but only gaining momentum in Russia, is reflected in Familia’s slogan: «Brands, free of prices!».
Company offers wide range of brands with discounts of up to 85%.
Today’s decisionby the Basmanniy Court to prolong the pre-trial detentions of Maxim Vladimirov and Philippe Delpal was unfounded.
Today the Basmanny Court once again prolonged the house arrest of the founder of Baring Vostok Michael Calvey, without any legal basis for the arrest.