13:27
05 Mar 2022
Inditex Group, including Zara, Bershka, and Pull & Bear leaving Russia
Spanish clothing retailer Inditex has stopped trading in Russia and is closing 502 stores and online sales
Reuters reported this, citing a statement from the retailer.
"In the current circumstances, Inditex cannot guarantee the continuity of operations and commercial conditions in the Russian Federation and is temporarily suspending its activities," said Zara, the owner company.
Russia accounts for about 8.5% of the group's global EBIT, Inditex added.
The group includes such brands as Massimo Dutti, Zara, Bershka, Pull & Bear, Stradivarius, Oysho, Uterque.
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