17th April 2024
Massimo Dutti, Moscow
Barcelona News Catalonia News Madrid News Main News

Spanish fashion giant Inditex joins rivals in closing 502 Russian stores

Click here for all our reports related to the Russian invasion of Ukraine.

Inditex, the Spanish parent company of fashion retailer Zara, among other well-known high street brands, has announced the temporary closure of 502 stores and online sales across Russia, following the invasion of Ukraine. Of the total number of stores, 86 are Zara.

The company is following some of the biggest western brands which have also suspended operations in Russia, including its main rival H&M.

Inditex, the world’s biggest fashion company, also owns the Massimo Dutti, Pull & Bear, Zara Home and Bershka brands, all of which will also be affected.

‘In the current circumstances Inditex cannot guarantee the continuity of the operations and commercial conditions in the Russian Federation and temporarily suspends its activity,’ a statement read.

After Spain, Russia is the company’s biggest market. According to its own statements, about 8.5% of its revenues come from Russia. All the Inditex stores operate on a rental basis, the company said. 

Inditex said it would give its workforce of more than 9,000 people a special support plan, without giving any details. The group had said its 79 stores in Ukraine have already been temporarily closed.

Spain’s second-largest fashion retailer Mango said last Thursday that it was temporarily closing its 120 Russian shops, and Tendam, the third-largest clothing group, said it had taken a similar decision on Saturday.

German sports clothing firm Puma also announced at the weekend that it is shutting its 90 Russian stores, which employ more than 900 people, ‘closed for the duration’.

The brands join a series of major international firms, including Apple, Intel and Microsoft, which have opted to stop sales or pause business and services in Russia due to its invasion of Ukraine.

ALSO READ: Focus: Spain’s biggest company, Inditex – and the challenge facing Marta Ortega.

Massimo Dutti, Moscow
Massimo Dutti, Moscow

Sign up for the FREE Weekly Newsletter from Spain in English.

Please support Spain in English with a donation.

Click here to get your business activity or services listed on our DIRECTORY.

Click here for further details on how to ADVERTISE with us.

Recent Posts

Real Madrid star Bellingham is ‘used to horrible, serious problem’ of racist abuse in Spain

News Desk

Yet another racist incident as Mallorca fan makes monkey gestures at Real Madrid game

News Desk

As temperatures rise in Spain, the first wildfire of the year burns over 500 hectares

News Desk

Spain and the UK make ‘significant progress’ in Gibraltar talks

News Desk

Spain to scrap ‘golden visas’ that allow wealthy non-EU residents to obtain residency

News Desk

Spain finally deports Bolivians whose false visas delayed cruise ship in Barcelona

News Desk

Leave a Comment