Oksana Lavrentieva, the owner of Rusmoda, announced the closing of the Alexander Terekhov brand. Oksana explained her decision by falling demand and the loss of wholesale customers due to the COVID-19 pandemic.
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After the closing of the brand, designer Alexander Terekhov will no longer be able to produce products under his name. Instead of the Alexander Terekhov brand, the entrepreneur plans to launch her own clothing brand OLOLOL.