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Russia's Wildberries Launches in France, Italy and Spain

Russia’s Wildberries Launches in France, Italy and Spain
Updated:
Russia’s top online retailer, Wildberries, launched in three major European countries Wednesday.
The company has started selling in France, Italy and Spain, it said in a statement sent to The Moscow Times. The move follows other recent expansions, including into Germany, and means Wildberries is now active in all four of the EU’s largest consumer markets.
Customers in France, Italy and Spain can use dedicated sites and mobile apps tailored to their market, the products on offer and in their language. Wildberires will use local partners in each country to handle delivery logistics. ....

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Russian online retailer Wildberries enters three European markets

Wildberries, one of Russia's largest shopping sites said on Wednesday it was entering France, Italy and Spain. The Moscow-based company now operates in 13 countries, branching out into the European Union last year with the opening of a distribution centre in Warsaw, Poland. The retailer, which offers about 4 million products from 40,000 brands, said that items will be delivered using logistics partners, with thousands of partner pickup points in France and Spain. ....

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Russian online retailer Wildberries buys Standard-Credit Bank

By Reuters Staff
1 Min Read
MOSCOW, Feb 12 (Reuters) - Wildberries, one of the largest online retailers in Russia, said on Friday it had bought Standard-Credit Bank in a move to develop the company’s online marketplace.
“The integration of (Standard-Credit Bank) will help us further develop the existing payment service, as well as generally improve the quality of service for buyers and sellers,” the company said in a statement, adding that the move would improve the speed of payments within the platform.
Standard-Credit Bank is the 371st largest bank in Russia in terms of assets. (Reporting by Tatiana Voronova and Olga Popova in Moscow; Writing by Caleb Davis in Gdansk; Editing by Edmund Blair) ....

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