The German shoe retailer Deichmann SE has divested itself of its business activities in Russia. “With this entrepreneurial step, we are sending a clear signal for peace and against the terrible humanitarian effects of the war in Ukraine,” the company said on Thursday at FashionUnited’s request. Accordingly, Deichmann Russia with its current 37 branches “including inventory, remaining stocks and all other rights and obligations” was taken over by a “local management member”. The statement said the parties had agreed not to disclose the purchase price.
According to its own statements, the shoe supplier had “stopped the delivery of goods to Russia several weeks ago” and “sought for an orderly termination of business activities right from the start”. The final withdrawal from the country was about fulfilling the “social responsibility” towards the approximately 260 employees and handing over the activities to “good hands”, explained the retailer. That was “successful” with the solution that has now been found.
