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Softline: Getting ready to split the business
Softline announced plans to proceed with a demerger of its Russian and non-Russian operations. As a result, the company’s business in the Russian Federation will become ‘Softline Russia’, while business outside Russia will become ‘Softline Global’ (both names are subject to potential change). Sergey Chernovolenko will take the role of CEO and Burak Ozer that of CFO of Softline Global, while Vladimir Lavrov and Artem Tarakanov will take the roles as CEO and CFO of Softline Russia, respectively.