Apparel industry reacts to Russia tensions
Inditex exits Russia on sale of businesses to Daher
The move comes after Inditex paused its operation in Russia on 5 March. In a securities market disclosure, Inditex said…
Mango to hand over Russia stores to franchise operators
In a statement, Mango said the first two of 55 stores it was directly operating in Russia will be transferred…
ANALYSIS: Apparel industry not immune from Russia tensions
Retail shares were among the biggest fallers last week as financial markets reacted to President Vladimir Putin's retaliation to the imposition…
IN THE MONEY: New Look halts Russia expansion as tensions rise
After booking a "stellar" first-quarter performance, UK value fashion retailer New Look has put the brakes on its expansion into Russia,…
IN THE MONEY: Adidas “remains committed” to Russia
German sporting giant Adidas says it remains "fully committed" to the Russian market, despite plans to close stores and significantly…
GERMANY: Adidas shares plunge as FY outlook cut
Adidas shares plunged this morning (31 July) after the German sporting giant cut its earnings forecast and announced plans to…