Catch up locals' news in English
2022-05-23T05:40:04.823Z
Levi Strauss & Co denim chain has decided to leave the Russian market for good. According to Kommersant, the company has stopped the supply of goods and is looking for buyers for the retail business. One of the sources of the publication suggested that Turkish Fiba Holding AS could be among the potential buyers of Levi's stores in Russia. At the end of April, the Financial Times reported that Western companies that leave the Russian market are forced to “play with fire” and
According to Kommersant, the company has stopped the supply of goods and is looking for buyers for the retail business.
One of the sources of the publication suggested that Turkish Fiba Holding AS could be among the potential buyers of Levi's stores in Russia.
At the end of April, the Financial Times reported that Western companies that leave the Russian market are forced to “play with fire” and suffer heavy losses due to the “painful exit” from Russian projects.
Source: russiart
