L’Occitane keeps Russian stores open
April 14, 2022 2:24 pmBeauty products maker L’Occitane has made the decision to keep its stores in Russia open amid the continuing invasion of Ukraine. The French owned retailer said... View Article
Tag Archive: Sanctions
Latest News: Sanctions
Iceland reverses palm oil ban as Ukraine war hits food prices
March 29, 2022 5:22 pmIceland will be temporarily revert to using palm oil in some own-label foods from June because the Ukraine war has sent the price of the alternative, sunflower oil, soaring.... 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
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
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
Co-op removes Russian-made vodka from shelves
March 4, 2022 1:29 pmCo-op have removed Russian-made vodka from their shelves for the ‘foreseeable future’ in response to Russia’s invasion of Ukraine. A spokesman confirmed that Russian Standard vodka... View Article
Retailers pulling out of Russia
March 3, 2022 2:26 pmSANCTIONS: The mass exodus of retailers and brands cutting ties with Russia continues to grow as sanctions rack up over the invasion of the Ukraine. We... View Article
