Along with the suspension of operations in the country, many companies also announced financial aid and operational assistance to war-affected Ukrainians.
“Deeply concerned about the situation in Europe at this time, it is with regret that we have taken the decision to temporarily close our stores in Russia and suspend all our commercial activities. We will continue to support our local teams,” Hermès said. in a post on his LinkedIn account.
Global brands such as Nike, Mango, Inditex, H&M, Marks & Spencer, Ikea, Under Armour, Canada Goose, Puma, Boohoo Group, PVH Corp, Levi Strauss, Crocs, Skechers, Uniqlo, Mothercare, SMCP, LVMH, Hermes and Kering among many others have temporarily suspended operations in Russia. E-commerce giant Amazon has also stopped all shipments to Russia.
“Due to growing concerns about the current situation in Europe, Kering is temporarily closing its stores in Russia for its Maisons that the Group operates directly in the country,” Kering said on its Twitter account.
“LVMH has decided to make an initial emergency donation of 5 million euros to support the International Committee of the Red Cross (ICRC) in order to help the direct and indirect victims of this conflict”, indicated the group in a statement.
“The war has already had a huge human impact. It also leads to severe disruptions in supply chain and trading conditions. For all these reasons, the business groups have decided to temporarily suspend Ikea’s operations in Russia,” Ikea said in a press release. In addition, the Ikea Foundation, funded by the Ingka Foundation, has donated 20 million euros for humanitarian aid to people forcibly displaced as a result of the conflict in Ukraine.
Levi Strauss donates over $300,000 to nonprofit organizations. The company and the Levi Strauss Foundation are donating $200,000 to the International Rescue Committee, which helps support individuals and families displaced by conflict, while the company’s Beyond Yoga brand is donating $100,000 to CARE, which meets the immediate needs of the Ukrainian people, the company said in a press release.
“Uniqlo has also made everyday clothing available to the general public in Russia, as part of our mission. However, we have recently faced a number of difficulties, including operational challenges and a worsening conflict situation. For this reason, we will temporarily suspend our operations,” Uniqlo, a wholly owned subsidiary of Fast Retailing, said in a statement. Uniqlo also announced a $10 million donation and clothing as part of its long-standing global partnership with UNHCR.
Through Crocs Cares, Crocs donated to UNICEF to support UNICEF’s humanitarian efforts on the ground with a focus on meeting the needs of displaced children and families across the region, said the company said in a press release.
Skechers USA has donated $250,000 in humanitarian aid to organizations on the ground in Ukraine and Poland, along with matching employee donations of up to an additional $250,000 to support the people of Ukraine, he said. said in a statement.
Fibre2Fashion (KD) News Desk