Online stores Otto and Quelle are closing in Russia
Quelle and Otto, the online clothing, footwear and homeware stores of the German Otto Group, are closing in Russia. As Martin Shearer, CEO of Otto Group Russia, explained to Kommersant, this is being done as part of the company's "global strategy". According to Shearer, Otto will focus on the marketplace for German-speaking countries, marketplaces in other countries will close. At the same time, he admitted that in the medium term the platform could again enter the international level.