Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed

S Group (Suomen Osuuskauppojen Keskuskunta) is the largest Finnish cooperative association. S Group includes subsidiaries in the markets of food products, durable goods, car service, hotel and restaurant services.

 
 
 
 
 

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed
Staff(RF), 2021
1000
Hotels
3
Glob.Revenue, mln.USD
12179
The Company Statement
June 22, 2022

Selling off all businesses in Russia. S Group sells St. Petersburg hotels to two Russian investors and IT entrepreneurs, Aleksandr Yermakov and Yuri Shumakov.

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Statements Archive
September 01, 2023The share of hotels managed by international chains in the Russian Federation decreased to 60%
June 22, 2022S Group sells St. Petersburg hotels
June 16, 2022SOK sells retail stores in St. Petersburg to X5 Group
March 04, 2022S Group will close all business operations in Russia
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