The Corona crisis forces Eastnine’s associated company MFG’s stores to stay closed
The Corona crisis has a negative impact on Eastnine's associated company, the Russian fashion chain, Melon Fashion Group (MFG). All stores have been closed since 1 April and are expected to be closed during the month of April. The Corona crisis has also weakened the ruble's exchange rate against the euro during the first quarter of 2020.With a view to curbing the spread of Coronavirus, Russian President Vladimir Putin has decided to give Russia's population free time from late March to the end of April 2020. Among other things, this has meant that all MFG stores are closed from April 1,