Japanese retailer Uniqlo ceases its business in Russia

Japanese retailer Uniqlo ceases its business in Russia

Ukrinform
Japanese clothing manufacturer and retailer Uniqlo has refused to lease premises for all its stores in Russia.

According to Ukrinform, Vedomosti newspaper reported this with reference to the Japanese company's partners.

The owners of the shopping centers where Uniqlo outlets used to be confirmed the termination of the lease.

Uniqlo's Russian business was represented by Uniqlo Rus LLC and owned by Fast Retailing (75%) and Mitsubishi Corporation (25%).

As reported, in March 2022, Uniqlo announced the temporary suspension of its outlets in Russia. The latest reports indicate that the business will be completely closed. At the beginning of 2022, there were 49 stores in Russia under the Uniqlo brand.

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and the website of a foreign media outlet. Materials marked as "Advertisement" or with a disclaimer reading "The material has been posted in accordance with Part 3 of Article 9 of the Law of Ukraine "On Advertising" No. 270/96-VR of July 3, 1996 and the Law of Ukraine "On the Media" No. 2849-Х of March 31, 2023 and on the basis of an agreement/invoice.

© 2015-2024 Ukrinform. All rights reserved.

Extended searchHide extended search
By period:
-