Hamleys to open in Moscow

A Russian company has unveiled plans to open a branch of Hamleys in Moscow this autumn.
Author:
Publish date:
5_Pocoyo.jpg

The FD LAB Group has signed a franchise agreement to develop the Hamleys chain in Russia according to the president of the company, Alexander Lopatin.

Lopatin said the group plans to open several Hamleys stores in Moscow.

The first store will be a 1,750 square-metre shop, opening in September or October on Moscow's central Tverskaya Street, home to Tiffany & Co and Nokia's luxury unit Vertu stores.

Many retailers faced with sluggish growth at home are keen to expand to emerging markets such as Russia, which still offers high growth potential despite the downturn.

Swedish fashion giant H&M opened its first two Russian stores in Moscow in March and is looking to open more. Wal-Mart has also repeatedly expressed interest in the Russian market, while France's Carrefour is scheduled to open its first Russian hypermarket within weeks.

Related

Featured Jobs

Copyrights Group

Marketing Manager

The Copyrights Group is one of the licensing arms within The Vivendi Group. Acquired by Vivendi in 2016 Copyrights manages the licensing for a portfolio of properties to include Paddington Bear. Some of the other companies within the Vivendi Group include Universal Music Group, and their licensing arm Bravado, Gameloft and Studiocanal to name a few.