Tally of major brands who quit Russia revealed ...News

Russia Today - Economy
Tally of major brands who quit Russia revealed
source : Russia Today ( News ) () 15
Nearly 30% of foreign brands have exited the Russian retail market, media say Nearly a third of foreign retailers have left Russia following Western sanctions over the conflict in Ukraine, Russian daily Izvestia reported on Thursday. A total of 27% of companies that leased premises in shopping centers decided to terminate their activities in Russia, consulting company CORE.XP (formerly CBRE) told Izvestia. A further 51% of foreign brands suspended business operations and 22% are undergoing restructuring. Among those who announced their departure are H&M Group (which operates COS, Monki, Weekday, & Other Stories, H

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