Melon Fashion Group, one of the leading retailers in Russia, will open its two outlet stores at FASHION HOUSE Outlet Centre Moscow. Befree and Love Republic, brands owned by the company, will take over 700 sqm of gross leasable area of the second phase of the scheme, which is now leased in over 30%.
According to preliminary results of 2015, Melon Fashion Group’s turnover reached RUR 12.6 billion (excl. VAT) growing over the year by 12.3%.
On 1 October 2015, Mikhail Urzhumtsev, President of the public joint-stock company Melon Fashion Group, resumes his position as CEO. Thus, he will combine operational management and strategic leadership of the Group.
BEFREE MOVES TO A NEW RETAIL FORMAT AND OPENS THE FIRST FLAGSHIP STORE AT THE MEGA DYBENKO SHOPPING CENTER
On August 15, 2015, at the Mega Dybenko shopping mall there was a festive opening of the befree first flagship 503-suqare-meter store in a new concept. The investment amounted to 23 million roubles.
On June10 2015, there was held the AGSM of Melon Fashion Group, where shareholders have approved the 2014 Annual Report and Financial Statements of the Group.
The public joint-stock company Melon Fashion Group has signed a lease contract for a warehouse of 2.2 thousand square meters in the Lipsanen logistics terminal in Moscow district of St Petersburg (Kubinskaya street, 73). The broker company Bright Rich | CORFAC International acted as an agent of the deal.
In April 2015, the first LOVE REPUBLIC franchise storeв opened in Tbilisi Mall, the biggest shopping center in the city (Agmashenebeli street, 16).
PJSC Melon Fashion Group (MFG) has summed up the preliminary results of its work in 2014. The turnover of the Group has grown 25% compared to the previous year, amounting to RUB 11.2 billion.
On 26 November, at the closing 2014 meeting, the Board of Directors adopted the decision on appointing Kestutis Sasnauskas CEO of Melon Fashion Group from January 1, 2015. Polina Bakshaeva, MFG CEO since January 2014, steps down from the position due to her private circumstances.
On October 31, 2014, Galina Sintsova, general director of the CJSC Pervomayskaya Zarya (1979-2006), president of Melon Fashion Group and member of the Board of Directors (2009-2013) celebrates her jubilee. This festive day is a very good reason to look back and recollect how much has been done over these years.