In a March 2022 social media post at the outset of the conflict, the company said it was halting investment in Russia and would stop …
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Russia
Report: Japan’s Uniqlo to Exit Russia, Paving the Way for Sale of Business
Japanese brand Uniqlo has decided to leave Russia after suspending its operation there last year, opening the path for a sale of the business, the …
Gap Says Russia Deliveries Stopped in March, but Its Clothing Kept Coming
In March, clothing retailer Gap Inc joined numerous Western companies in announcing that it was halting deliveries to Russia to protest its invasion of Ukraine. “As a …
Former Sephora Stores Reopen in Russia Under New Ownership, Ile de Beauté Brand
Some of LVMH retail beauty brand Sephora’s stores reopened in Russia on Monday as Ile de Beauté, the Russian firm said, the latest rebranding in the …
H&M to Exit Russia | BoF
H&M, the world’s second-biggest fashion retailer, said on Monday it had decided to wind down its business in Russia, joining a growing list of companies …
Sephora Makes Permanent Exit From Russia
Sephora, the cosmetics retailer owned by LVMH, agreed to sell its Russian subsidiary, making it the latest brand to pull out of the country following …
Civil Society Group Criticises Diamond Watchdog Over Russia Stalemate
The Kimberley Process Civil Society Coalition on Monday sharply criticised the global diamond watchdog for resisting efforts to discuss Russia’s invasion of Ukraine, at this …
Turkey’s FLO in Talks to Take Over Reebok’s Stores in Russia
Turkish shoe retailer FLO Magazacilik is in talks to buy more than 100 stores owned by fitness brand Reebok in Russia, FLO chairman Mehmet Ziylan …
H&M Seen Posting First-Quarter Profit, Russia Clouds Outlook
Sweden’s H&M is seen swinging back to profit in its December-February quarter as pandemic effects ease, though the closure of its Russian stores and the …
Jeweller Pandora Cuts Ties With Leading Industry Body Over Russia
Jewellery maker Pandora said on Wednesday it had decided to leave the Responsible Jewellery Council (RJC) after the industry body failed to cut ties with …
J&J to Stop Selling Personal Care Products in Russia
Johnson & Johnson said on Tuesday it would halt sale of personal care products in Russia, joining other companies that have limited their business in …
Russia Looks to Retailers From Turkey, China, India and Brazil as European Brands Exit
The Russian Union of Shopping Centers is reportedly in negotiations with retailers from Turkey, China, India and Brazil to open new stores in the country’s …
US Boycotts Conflict Diamond Meetings Chaired by Russia
The United States and Britain are boycotting some Kimberley Process meetings because they are chaired by Russia, in a sign of how geopolitical rifts due …
Marc Jacobs’ Spring 2022 Campaign, Olivier Rousteing’s New Gig, and Several Brands Close Shop in Russia
Image courtesy of hollywoodlife.com You would think that Olivier Rousteing would have enough to do being the Creative Director of Balmain. Not so!! Rousteing now …
UK Hits Russia With New Sanctions on Luxury Goods
The UK is banning exports of luxury goods to Russia, the British government announced Tuesday. The ban, which will “come into force shortly,” is part …
Estée Lauder, Adidas, PVH Close Stores in Russia – Business of Fashion
Images and Article from www.businessoffashion.com. Adidas and PVH are among the latest companies to close stores and pause commercial activities in Russia, joining a growing …
Ukraine Wrap: Uniqlo Reverses Course to Suspend Operations in Russia – Business of Fashion
Images and Article from www.businessoffashion.com. The decision comes as the company faced public pressure to halt operations in the country, as a wave of retailers, including fast …
Uniqlo Reverses Course, Will Suspend Operations in Russia – Business of Fashion
Images and Article from www.businessoffashion.com. In spite of a vow from Fast Retailing founder and chief executive Tadashi Yanai days ago that the company’s leading …
The Russia Boycott in Action: These Are the Biggest Businesses Suspending Sales in the Country—See the List
Images and Article from www.glamour.com. Justin Sullivan Coca-Cola Coca-Cola, which owns many beverage brands including Dasani, Fanta, and Minute Maid, stated in a press release, …
Uniqlo Pressured to Halt Russia Sales After CEO Vows to Stay
Images and Article from www.businessoffashion.com. Uniqlo owner Fast Retailing Co. faces mounting pressure over its plans to keep operating stores in Russia, even as other …