American fashion brand Guess has reacquired its stake from a Russian partner in what experts have described as an unusual deal for the fashion market in the sanctioned country, Kommersant reported on Thursday.

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Business Insider had reported that the billionaire was considering the move in response to EU regulations Elon Musk has slammed Business Insider for publishing what he called a false report that suggested he was planning to block access to X, formerly known as Twitter, across Europe in response to EU moderation regulations.