Grupo Cortefiel buys out Russian franchisees

With this acquisition, the Group consolidates its presence in this important market, and adds 67 more stores under its direct management in Europe.

Juan Carlos Escribano, CEO of Grupo Cortefiel said: “the positive evolution of the sales together with the success of the recent purchase of operations in the Balkans has encouraged us to take this step.

With this deal and the recent arrival of its brands PdH, Springfield and women’secret to China, Grupo Cortefiel further consolidates its international strategy and expands its presence in large key markets.

Grupo Cortefiel