Russian footwear group confident its strategy will work
31/07/2020
Footwear group Obuv Rossii Group has reported first-half earnings of just over $50 million, a decline of 27.4% year on year.
“The coronavirus-induced downturn will significantly impact most of business sectors,” chief executive, Anton Titov, on announcing the figures. “But the company’s strategy will allow us to mitigate the negative effects of the economic recession and to achieve our pre-crisis numbers, restoring the business growth.”
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