Finnish S-Group announced the sale of St. Petersburg hotels of the Sokos brand

“SOK (part of the S-Group. -

) is selling the company responsible for the business of Sokos Hotels in St. Petersburg.

As a result of the transaction, the management of Sokos Hotels in St. Petersburg will be transferred to the buyer on June 30, ”Interfax quoted the company as saying.

It is noted that there are three Sokos hotels in St. Petersburg.

They were acquired by Russian investors and IT entrepreneurs Alexander Ermakov and Yuri Shumakov, however, the deal does not provide for the rights to use the trademarks of the Finnish holding.

The amount of the purchase is not reported.

Earlier it was reported that the owner of the Polish clothing retailer LPP, which manages the Reserved and House brands, decided to sell the Russian division to a Chinese consortium.

At the end of March, the Polish clothing manufacturer LPP Group announced the closure of its stores in Russia.

Also, Pais, citing sources, informed about the decision of the Spanish clothing brand Mango to abandon direct sales in Russia against the backdrop of the situation in Ukraine.