News

Fashion

Staff Reporter

, Japan

Published:

1 year ago

Source: Fast Retailing website

UNIQLO operations in Russia remain ‘suspended,’ Fast Retailing clarifies

This comes amidst reports that it will exit the market.

UNIQLO operations in Russia remain suspended, Fast Retailing clarified after reports that the brand will be exiting the market.

“In March 2022, Fast Retailing temporarily suspended operations in Russia, and that status remains unchanged,” the company noted in response to the reports that also claimed it will be selling its UNIQLO business in Russia.

“With no foreseeable prospects to resume operations, the company has closed some stores.”

Read more: UNIQLO to expand in Luxembourg

Fast Retailing added the company will continue to monitor the situation closely and make decisions accordingly.

The company moved to temporarily suspend operations in the market last March 2022, following the Russian-led conflict in Ukraine.

Follow the link for more news on

Fast Retailing

Also Read

Tapestry and Capri Holdings end merger agreement amidst legal uncertainty

Fashion industry faces uncertainty in 2025

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Technology offers solution to India’s food waste crisis in restaurants

It can also help improve efficiency and support sustainable practices in the industry.

Technology

18 hours ago

India’s e-commerce market to reach $147.3b in 2024

It will be driven by the expanding internet penetration and better digital payment infrastructure.

E-commerce

18 hours ago

Food colors market to reach $5.42b by 2031

Still, the market growth is constrained by strict regulations.

1 day ago

Thailand foodservice industry moves to cage-free eggs amidst ethical demand

It is driven by consumers’ expectations for humane treatment of animals.

1 day ago

Exclusives

Brands told to come clean about beauty care

Consumers are more discerning and can easily spot fake ingredient claims.

1 day ago

Swarovski cracks TikTok to scale luxury amongst Gen Zs

The Austrian glassmaker is working with influencers to connect with the Singaporean market.

4 days ago

Starbucks Korea opens high-tech store in Seoul

Its first reserve-only branch features AR art installations and a Mixology Bar.

Decathlon gets closer to hybrid Singaporean shoppers through pick-up service

The world’s largest sporting goods retailer lets clients pick up online orders on the go.Decathlon is building on the success of its pick-up service in Singapore as it progresses toward its target of having 37 locations in the city-state in the next two years, its top official said.

Stores