Gepherrini, manufacturer of leather bags and various accessories, has closed 7 sales facilities in Russia and Ukraine due to the Russia’s invasion of Ukraine. As the founder of the company Ilia Geperidze declares, the share of both markets is small and consequently, the company does not count big losses.
"About three years ago, we were represented in 17 cities in the Russian market, but we realized the danger, so we started to diversify. Due to that reason, the Russia-Ukraine war did not cause serious damage to the company. At the same time, we have offset the closure of 7 facilities by entering China, where sales will start on May 15," Ilia Geperidze said.
Moreover, Gepherrini, products will be sold in Israel from the next month.
As for the addition of the clothing line, the founder of the company notes, that this plan is still in force, although it has been temporarily suspended.
"We had a plan to add a clothing line, but we will wait for the developments. Now, we are facing more challenges, we think it would not be right to invest in this area, but we still think about the plan and after entering Chinese market, we will gradually add a clothing line", - said Ilia Geperidze.
