Zara owner Inditex halts trading in Russia, closing stores and online platform

Zara owner Inditex halts trading in Russia, closing stores and online platform

By

Reuters API

Spanish fashion retailer Inditex


Zara

“In the current circumstances Inditex cannot guarantee the continuity of the operations and commercial conditions in the Russian Federation and temporarily suspends its activity”, the Zara

Russia accounts for around 8.5% of the group’s global EBIT, Inditex added.

 

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