Inditex ceases trading in Russia and closes 502 stores and online sales.

Photo REUTERS

The Spanish owner of large clothing chains Inditex (Zara, Bershka and Pull&Bear) has stopped trading in Russia and is closing 502 stores and online sales.

It is reported by Reuters .

“Under the current conditions, Inditex cannot guarantee continued operations and commercial terms in the Russian Federation and is temporarily suspending operations,” Reuters quoted the world’s largest fashion company as saying.

It is noted that Russia accounts for about 8.5% of the group’s global EBIT.

Help UNIAN. Inditex is a Spanish company, one of the world’s largest distribution groups in the fashion industry, comprising eight brands: Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe. The headquarters is located in the city of Arteixo (Galicia, Spain).

(C)UNIAN 2022