Reserved, House, Mohito and Sinsay reopen in Russia

Reserved, Cropp, House, Mohito and Sinsay stores that closed in March, will return to the Russian market this weekend. After leaving the Russian market due to sanctions, the Polish retailer and clothing manufacturer LPP SA announced the sale of its entire business in Russia to a Chinese company.

The right to own the trademarks themselves remains with Poland, China will be able to sell any goods on the territory of our country. Which company acquired the business is not reported. However, it is already known that stores will open and start working as usual this coming weekend.

Store names will change. Reserved will be renamed RE, Cropp will be called Cr, Sinsay will be SIN, Mohito will be M, House will be XC.
It is possible that other major brands will do the same, and they will no longer be able to work in Russia due to sanctions.