The authorities of the Rostov region are discussing with investors the possibility of buying the final factories of the Gloria Jeans clothing retailer. This was announced in Telegram by the interim governor of the Yuri Slyusar region.

The Rostov authorities began negotiations on the sale of old Gloria Jeans factories
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“Now we are negotiating with specialized investors for the purchase of Gloria Jeans Enterprises. This issue was discussed at a meeting on the industry. Sewing factories stop their activities: more than 2.5 thousand people enter the labor market. You can’t afford such situations, ”said Slyusar.

The previous day, the Minister of Industry and Energy of the Rostov region, Andrei Savelyev, said the authorities are discussing the purchase of factories with three investors to “maintain specialized activities and even more about job preservation.”

Slyusar then added that the employees of the former Gloria Jeans companies “will find safe work”, since “there is a demand for people of this profession.” But from the point of view of industrial production, it must compete for these companies, ”added the interim governor.

The fact that Gloria Jeans plans to close sewing factories in the mines and Novoshakhinsk, Rostov region, Interfax said with reference to two familiar sources with the company’s plans. According to them, factory employees received dismissal notifications, where the liquidation of the companies was called as the reason.

The founder of the Vladimir Melnikov company confirmed the information about the closure of the publication of Rostov “City N”. Speaking about the reasons, he said that the company is not profitable, since “there are no new technologies for development and performance.” “We have a very diverse product and we are much lower than the quality, fashion and price of alternative suppliers. Just speaking, this is not profitable. We are no longer industrial, but a retail company, ”said the businessman.

The number of new clothing industries in Russia began to decrease, Kommersant wrote with reference to the “contours” data. According to them, at the beginning of 2025, the increase amounted to 4.8% of the year, up to 36.9 thousand, against 7.6% in early 2024 and 6% in early 2023.

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The representative of the U2y factory Andrei Avdechik told RB.RU, in 2025, the production of clothing in Russia will be reduced, since orders come mainly from market salaries, which often offer small production of low cost work For work. He added that later, only large production sites or own brands with their own production will remain in the market.

“I think that for business, the deviation from the market of” manufacturers “unscrupulos will positively affect the industry, which will receive a second wind for the development of capacities and technologies. However, here you must include the foreign economic factors: the Russian manufacturer He still cannot compete in quality and price with China, Uzbekistan and Kyrguistan, ”summarized Avdechik.

Author:

Anastasia Kossakovskaya

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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