One of Sela’s stores closes down in Yekaterinburg

Starting November 1, 2008, one of the stores run by Sela, the clothes manufacturer, and located at 62/2 Lenin Ave. will no longer be operating.

Five Yekaterinburg-based stores and a shop in Berezovskiy used to be owned by the proprietors of Boston 2000 Valeriy Balyabin and Vladimir Pashkin. The two men decided at the end of August 2008 that they would give up on the franchise and give the shops back to Saint Petersburg-based Skala Asia, Sela’s daughter enterprise. Valeriy Balyabin explained the decision had been taken because of the decreased profitability of the local clothes market.

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