Home / Knowledge / News / Fashion / Cortefiel's expansion plans for Russia & Ukraine

Cortefiel's expansion plans for Russia & Ukraine

May '10
Following the recent signing of an agreement with the UK, the Group is continuing with its international strategy aimed at penetrating key strategic markets. Grupo Cortefiel gives a major boost to its expansion strategy in the Russian Federation and Ukraine with the opening of 190 new stores.

The expansion plan takes in the Springfield and women'secret brands following the signing of the seven year renewable agreement with MFG Group which includes a purchase option for the Spanish firm.

This week, Juan Carlos Escribano, Grupo Cortefiel's CEO, travelled to sign the agreement with Swedishbased company Mellon Fashion Group which will allow the Spanish fashion distributor to open a total of 190 new Springfield and women'secret stores over the next four years on all the major markets in the former Soviet Union, boosting its presence to 243 points of sale.

As a result, MFG, which owns a total of 300 stores operating in these markets under the Loverepublic, Befree and Zarina brands, is set to become Grupo Cortefiel's biggest master franchisee on the international market.

For the first time ever, the agreement includes a purchase option which the Spanish company may take up when the contract comes up for renewal over a seven year period.

Grupo Cortefiel entered the Russian market in 2002 with Springfield and women'secret, where it currently has a total of 53 stores. This latest agreement is a further step forward in the international strategy of Grupo Cortefiel, which is now present in 60 countries, and comes on the heels of another recent signing with UK firm Brand Empire.

The objective is to increase its presence on key strategic markets and to boost sales on international markets to 50% of the total turnover in the mid-term. Grupo Cortefiel, a leading name in the fashion sector, has a sales network of more than 1,593 stores and is present in 60 countries through its four chains - Cortefiel, Pedro del Hierro, Springfield, and women'secret.


Must ReadView All

Pic: Shutterstock

Textiles | On 17th Feb 2020

Vietnam textile firms urged to source from Malaysia, India

Pham Xuan Hong, president of Ho Chi Minh City’s textile association,...

Pic: Shutterstock

Textiles | On 17th Feb 2020

Myanmar to initiate measures to improve trade strategies

Myanmar will take measures to raise overseas demand for indigenous...

Pic: PaCT

Apparel/Garments | On 17th Feb 2020

IFC portal to monitor resource usage in Bangla RMG sector

The International Finance Corporation (IFC) has developed PaCT...

Interviews View All

Veronique Lee, Modavanti

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Textile Industry, Head honchos

Textile Industry
Head honchos

Trade buzz: This could be a landmark budget

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Dejan Lalevic,

Dejan Lalevic

Mesdan SPA, a subsidiary of Italian firm Savio Macchine Tessili,...

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

Dave Rousse, INDA

Dave Rousse

INDA, a global association of the nonwoven fabrics industry, has been...

Marcel Alberts, Eurofibers

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search