Lindex plans to close down its stores in Russia

Due to the unsecure outlook for retail market in Russia, Lindex is planning to gradually close down its stores in Russia. The fashion chain currently has 19 stores in Russia.

“We will focus on strengthening our operations in our main markets and expanding into other markets”, says Ingvar Larsson CEO Lindex AB.

Lindex will continue to expand, with a net addition of 10-15 stores in 2015, including franchising stores. In March, Lindex will open its first store in the UK, in the Westfield Stratford City shopping centre in London.

The Lindex stores in Russia will be closed gradually, based on the negotiations with the landlords.

Read more in Stockmann’s press release here.

 

For more information contact:

Kaisa Lyckdal
Press Relations Manager, Lindex
Phone: +46 (0)31 739 50 60
E-mail: kaisa.lyckdal@lindex.com

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