Global brands including Nike, Mango, Inditex, H&M, Marks & Spencer, Ikea, Under Armour, Canada Goose, Puma, Boohoo Group, PVH Corp, Levi Strauss, Crocs, Skechers, Uniqlo, Mothercare, SMCP, LVMH, Hermès and Kering among many others have temporarily paused operations in Russia. E-commerce giant Amazon has also stopped all shipments to Russia.
Along with pausing operations in the country, many companies have also announced financial aid and operational assistance for Ukrainians affected by the war.
“Deeply concerned by the situation in Europe at this time, it’s with regret that we have taken the decision to temporarily close our stores in Russia and pause all our commercial activities. We will continue to stand by our local teams,”
“The war has had a huge human impact already. It is also resulting in serious disruptions to supply chain and trading conditions. For all of these reasons, the company groups have decided to temporarily pause Ikea operations in Russia,” Ikea said in a press release. Moreover, Ikea Foundation, funded by Ingka Foundation, donated €20 million for humanitarian assistance to those who have been forcibly displaced as a result of the conflict in Ukraine.
