Inditex agrees sale of Russian business
October 27, 2022 8:29 amZara owner Inditex has reached an initial agreement for the sale of its business in Russia to Daher Group. The company, which also owns Bershka and... View Article
Tag Archive: russia
IKEA to liquidate Russian unit as part of sanctions-led pullout
August 17, 2022 3:37 pmIKEA has decided to liquidate its Russian unit, further scaling back its operations after more than a decade-long presence in the country. The Swedish furniture giant closed... View Article
H&M group begins winding down in Russia
July 18, 2022 3:32 pmSwedish fashion retailer H&M said on Monday it had decided to wind down operations in Russia, after pausing all sales there in March following Moscow’s invasion... View Article
Toymaker Lego pulls out of Russia indefinitely
July 12, 2022 9:12 pmLego has said it will stop operating in Russia indefinitely due to “continued extensive disruption”. The firm stopped delivering products to Russia in March following the... View Article
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
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
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