In 2018, ML Fashion launched its operations in Armenia by opening the first Zarina store at Yerevan Mall. Since then, the company has demonstrated consistent growth, establishing a network of 12 Zarina stores across Yerevan and various regions of Armenia.

In 2025, the company expanded its portfolio of international partners by introducing the Spanish brand Punt Roma to the Armenian market. In 2026, continuing its dynamic development, ML Fashion also launched the Zarina Man brand and opened a new store in Rio Mall shopping center.

Today, ML Fashion continues to strengthen its presence by combining international expertise, modern retail approaches, and customer-centric service, with:

• 8+ years of experience
• 14+ stores
• 130+ employees

Mission of ML Fashion

The mission of ML Fashion LLC is to make internationally recognized fashion brands accessible to the Armenian and South Caucasus markets by creating a modern, high-quality, and reliable retail environment.

Reliable Logistics as the Foundation of Seamless Supply

In an era of global supply chain disruptions, ML Fashion has built a highly reliable and flexible logistics system.

Black Sea Transit Corridor

To bypass congestion in maritime logistics, goods from Asian manufacturing hubs are delivered to the Georgian ports of Poti and Batumi, undergo customs clearance, and are transported via a 700-kilometer land corridor directly to Yerevan.

Direct European Land Route

For European supply chains, we utilize fast overland transportation via Balkan highways, ensuring delivery from Central European logistics hubs within 10–14 days.

Regional Integration

Our transit operations effectively leverage customs checkpoints between Georgia and Armenia, reducing cross-border transaction costs and transit times.

ESG and Sustainability Roadmap

ML Fashion LLC operates with a strong commitment to Environmental, Social, and Governance (ESG) principles.

Regulatory Compliance

Our supply chain is structured to ensure full compliance with the German Supply Chain Due Diligence Act (LkSG). At the same time, we are actively preparing for the implementation of the EU Digital Product Passport regulation in 2027.

As the placement agent, Cube Invest provides investors with professional support throughout the entire bond acquisition process, offering transparent, reliable, and sustainable investment services.

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