![]() ![]() On August 24, 2022, it became known that the Russian sued Lamoda 3 million for canceled orders. Fine of 3 million rubles for canceled orders To Ukraine It was also said about the suspension of the construction of the second warehouse of the online retailer in Russia. In April 2022, it was reported that the Global Fashion Group suspended investments in Lamoda due to a military special operation RUSSIAN FEDERATION on. Marina Malakhatko, head of the retail department of CORE.XP, commenting on the deal in a conversation with the newspaper, expressed the opinion that Yakov Panchenko was acquiring an excellent IT product, since the businessman needed a marketplace for the development of Stockmann. Sberbank Despite the breakdown of the deal with Stockmann, SberMarket continued to cooperate with the department store chain, and such a partnership would allow the marketplace to strengthen the competencies that Lamoda has already developed, the source said. The source Kommersant suggested that such a partner could act. In his opinion, a third-party financial partner and a partner who will help effectively manage the acquired business can take part in the transaction with Lamoda. However, the actual value of the transaction, taking into account the discount, hardly exceeded €150 million, the expert said. According to him, the fair value of the online retailer's business can be at least €500 million. Russia According to the results of the first half of 2022, Lamoda's turnover grew by 44.2% to 47.3 billion, rubles says Mikhail Burmistrov, general director of Infoline Analytics. Sale of online retailer Lamoda to the owner of the Russian Stockmann Under the terms of the deal, Yakov Panchenko will receive Lamoda's business with operations in Russia, Kazakhstan and Belarus. The Global Fashion Group holding only said that it expects about €100 million in revenue from the sale of Lamoda in addition to the value of funds held in the Lamoda business as of September 30, 2022. ![]() The transaction was closed on December 12, 2022, its financial terms were not disclosed. On October 7, 2022, the sale of the online retailer Lamoda to the owner of the Russian Stockmann, Yakov Panchenko, was announced. ![]() History 2022 Panchenko Yakov acquired Lamoda The company employs about 8 thousand people, including employees of the Lamoda Central Office in Moscow, offices in Minsk, Kyiv and Almaty, an automated warehouse complex in Bykovo near Moscow, its own LM Express delivery service, an IT hub and three call centers - in Volgograd, Zhytomyr and Chernigov. The company was founded in 2011 by Niels Tonsen, Florian Jansen, Burkhard Binder and Dominik Picker. Lamoda operates in Russia, Kazakhstan, the Republic of Belarus and Ukraine. Thanks to its own courier service LM Express, as well as a distribution center, the company delivers goods the day after placing an order in more than 150 settlements. Lamoda offers fast delivery, pre-purchase fitting and convenient return terms. A system-level change approach is required and one which will capture the opportunities missed by the current linear textiles system.Lamoda is an online retailer of clothing, shoes and accessories in Russia and the CIS, offering more than 1,000 genuine global brands and over 2 million products. Achieving a new textiles economy will demand unprecedented levels of alignment. In such a model, clothes, fabric, and fibres re-enter the economy after use and never end up as waste. – to design out negative impacts and capture a USD 500 billion economic opportunity by truly transforming the way clothes are designed, sold, and used.īeyond laudable ongoing efforts, a new system for the textiles economy is needed and this report proposes a vision aligned with circular economy principles. It is based on three principles, driven by design: eliminate waste and pollution, circulate products and materials (at their highest value), and regenerate nature. The report A new textiles economy: Redesigning fashion’s future outlines a vision and sets out ambitions and actions – based on the principles of a circular economy circular economy A systems solution framework that tackles global challenges like climate change, biodiversity loss, waste, and pollution. The time has come to transition to a textile system that delivers better economic, societal, and environmental outcomes. This trend has been further accentuated over the past 15 years by rising demand from a growing middle class across the globe with higher disposable income, and the emergence of the ‘fast fashion’ phenomenon, leading to a doubling in production over the same period. Since the 20th century, clothing has increasingly been considered as disposable, and the industry has become highly globalised, with garments often designed in one country, manufactured in another, and sold worldwide at an ever-increasing pace. ![]()
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