Ostin closes Face Code Branded stores one year after they open

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The Russian brand Ostin has abandoned its youth brand Face Code. The closure of branded stores is announced by "Kommersant" with reference to a source in the commercial real estate market.

According to the source, 9 out of 11 outlets are still operating. Market experts explain the closure of stores by a general trend - the departure of customers online.

The Face Code brand was launched in September 2024 as a replacement for Pull and Bear and Bershka, which left the Russian market.