Reviva Holdings

Under a licensing agreement, the Russian company Reviva is allowed to use the Stockmann brand owned by the Finnish Lindex Group until the end of 2028.

History

2024: Purchase of Russian business Hugo Boss

In April 2024, the Russian authorities approved a deal to sell the Russian business Hugo Boss to the Stockmann retailer - the media.

2020:11 Stockmann department stores in Russian cities

According to September 2020, STOCKMANN in Russia is 11 department stores in Moscow, St. Petersburg, Yekaterinburg, Kazan and Krasnodar and an online store with delivery throughout the country.

STOCKMANN department stores have up-to-date collections of international brands such as Guess, Tommy Hilfiger, Levi's, Furla, Karl Lagerfeld, Bronx, Hugo, Boss and others, as well as an assortment of Scandinavian, Russian brands and a wide range of designer home products.

2017: Takeover of the Podium Market network

In June 2017, the management of the Podium Market retail chain, which manages the department stores of the same name, confirmed the termination of trading activities, RNS reported.

The company has no plans to close all of its department stores. They will leave the Stockmann chain, owned by Reviva Holdings from February 1, 2016. Moreover, some of the employees of the Podium Market will also be employed at Stockmann. As for the number of department stores that will continue to carry out trading activities under the management of Stockmann, it is not specified.

In June 2017, the retail chain management notified its suppliers of the termination of trading activities. Initially, it was assumed that settlements with them would be carried out by the company through the implementation of its own trading platforms.

Reviva Holdings began showing interest in acquiring Podium Market department stores back in May 2017. The statement about this in an interview with RNS journalists was made by the vice-chairman of the board of directors of the company P. Sofianos. Later, this information was confirmed by the commercial director of Podium Market S. Boldyrev.

In 2016, retailers began complaining about delays in paying for shipped products. Over time, the amount of debt for delivered goods only increased. At the end of winter 2017, the owner of the Fashion Season gallery, where the flagship outlet Podium Market is located, appealed to the capital's arbitration with a statement of claim to recover 8.1 million debts. In May 2017, they filed another lawsuit in the amount of 93.36 million rubles.

In general, the economic company "Podium Market" owes its creditors 145.37 million rubles. Information about this is contained in the SPARK-Interfax database. According to Rospatent, the rights to the Podium Market brand and the shares of all owners of the company are pledged to the credit institution Absolut Bank.

The Podium Market retail chain began operating in the market in 2012. The company specialized in selling goods of domestic and foreign fashion brands in its own department stores. In general, the chain has 8 department stores at its disposal, 5 of which operate in Moscow. The owner of the retail chain is the company Podium, registered by the entrepreneur E. Kitsenko in 1994.

2015: Finnish Stockmann to sell Reviva stores in Russia

In November 2015, the Finnish group Stockmann announced the sale of 7 stores in Russia - Moscow, Yekaterinburg, excluding the Nevsky shopping center in St. Petersburg. The buyer was Reviva Holdings Limited, which owns the Russian franchisee chain of Debenhams department stores.

The remaining stores of the Lindex retail business Stockmann chain in Russia will be closed in accordance with the plan in the summer of 2016^[1].

Reviva buys 100% of Stockmann JSC, a Russian subsidiary of Stockmann PLC, for 5 million euros, which will be paid in cash, the company said.

"Our Russian retail business has been unprofitable over the past few years, and a significant devaluation of the ruble has increased our losses," said Per Per Telin, CEO of Stockmann.

Stockmann intends to focus on the real estate market in Russia and will retain control in the Nevsky shopping center in St. Petersburg. The deal was planned to be closed on January 31, 2016 after receiving approval from the Federal Antimonopoly Service of the Russian Federation. Stockmann will write off 75 million euros of one-time costs following the transaction.

Reviva will start managing the purchased stores from the beginning of February 2016 and will receive the right to use the Stockmann brand in Russia within two years from the date of closing the transaction. During this time, Reviva planned to gradually transfer stores to the Debenhams brand.

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