McDonald’s to permanently exit Russia
May 17, 2022 7:56 amMcDonald’s is to exit the Russian market after more than 30 years of operations in the country. The fast food retailer has also initiated a sales... View Article
Tag Archive: russia
Prada CEO says first 4 months strong despite Russia, China
April 20, 2022 3:11 pmItalian luxury group Prada posted strong results in the first four months of the year as its U.S. business offset the impact of suspending operations in... View Article
L’Occitane to close all stores in Russia
April 19, 2022 10:44 amSkincare retailer L’Occitane is all to close all stores and ecommerce websites in Russia in order to protect its employees worldwide from what it described as... View Article
Warhammer maker shares surge as trading ‘in line with expectations’
March 24, 2022 5:59 pmGames Workshop shares skyrocketed after the Warhammer maker said its most recent trading was “in line with expectations”. Nottingham games company and wargames manufacturer said trading... View Article
French tycoons behind Decathlon face anger over Russian expansion plans
March 21, 2022 8:36 amThe French tycoons behind the Decathlon sporting goods brand have reportedly been accused of profiting from the Russian invasion of Ukraine. According to The Telegraph, Leroy... View Article
H&M sales grow 23% YoY but shares slip on wider Ukraine impact
March 15, 2022 6:30 pmH&M reported a 23% rise in first quarter sales on Tuesday, which was in line with market expectations, as the world’s second-biggest fashion retailer attempts to build... View Article
Uniqlo owner U-turns and suspends operations in Russia
March 10, 2022 5:24 pmThe owner of Uniqlo has made a U-turn and decided to suspend operations in Russia. Fast Retailing said it faced “operational challenges” due to the “worsening... View Article
Mothercare suspends all business in Russia
March 9, 2022 11:39 amMothercare has announced that it has suspended all of its business in Russia following the country’s invasion of Ukraine. The mother and baby products brand has... View Article
Next closes Russia operations
March 7, 2022 3:12 pmNext is to close its Russian operations following Russia’s invasion of Ukraine, joining a growing list of companies shunning the country. Next has told staff at... View Article
Wealthy Russians scramble to buy luxury watches and jewellery amid crisis
March 4, 2022 1:46 pmRussia’s wealthy are turning to luxury jewellery and watches in a bid to preserve the value of their savings. Bulgari’s, Swatch Group, Richemont, Rolex, Hermes, LVMH and... View Article
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