Inditex withdraws from Russia, its largest market after Spain.
The textile firm has reported this Saturday that "in the current circumstances it cannot guarantee the continuity of operations and commercial conditions in the Russian Federation and temporarily suspends its activity in the 502 stores (of which 86 are Zara) and on the country's
online
channel
".
Russia constitutes around 8.5% of the group's global EBIT.
All stores operate on a rental basis, so the investment is not relevant from a financial point of view.
Inditex continues to prioritize its workforce of more than 9,000 people, with whom it is going to develop a special support plan from now on.
Conforms to The Trust Project criteria
Know more
See links of interest
Last News
When does the 2021 Income start?
Income 2021
Work calendar 2022
Economy Podcast
Davis Cup, live: Roberto Bautista - Gabi Adrian Boitan
Davis Cup, live: Carlos Alcaraz - Marius Copil
DSC Arminia Bielefeld - FC Augsburg
International - Salernitana
Alaves - Seville