OVS
LeaveRussia detail: Scaling Back
OVS is an Italian clothing company. It has stores in 35 countries in Europe, Latin America and Asia with a total of about 1285 locations. Revenues were €1.32 billion in 2015. It is the largest clothing retailer in Italy, accounting for about 5% of the national clothing retail market.
Business in Russia
Several brands that "import-substituted" companies that left the Russian market in 2023 are now downsizing their store networks. Italian brands OVS and Replay are also downsizing. All of them are also experiencing modest financial results.
Decision trail
Decision date 28/09/2023 · Reference ↗
While some western retailers left the Russian market due to the military conflict between the Russian Federation and Ukraine, the Italian clothing chain OVS, on the contrary, decided to return to the country. The brand opens its first stores in another period of turbulence in the ruble exchange rate, although it was for this reason that it left the Russian Federation nine years ago.
Status history since 2022
- 03/08/2026 — scaling back · Imported from KSE LeaveRussia
Possible sanctions matches
Name-based matches against EU/US/UK lists — verify identity before drawing conclusions.
Exposure profile
Full exposure profile is a Professional feature
Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
Upgrade to Professional