Inventive Retail Group will keep the business, but significantly reduce the number of stores

Inventive Retail Group, which develops Apple, Samsung, Lego, Nike store chains in Russia, announced its intention to

keep business in Russia, but will be forcedsignificantly reduce the number of retail outlets. This was stated by the head of the company Tikhon Smykov. According to him, the company will strive to offer normal products to Russian consumers and he hopes that switching suppliers to the parallel import scheme will not lead to a total degradation of the quality of products offered on the market. In total, Inventive Retail Group, which is part of the Lanit company, manages 380 retail stores in four market segments - electronics, sporting goods, children's toys and fashion retail.