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Articles with tag "business"
'impossible' situation
H&M to Wind Down Operations in Russia – Company
H&M said it would reopen stores in Russia "for a limited period of time to sell remaining inventory" as part of the exit process.
relocation hub
Kazakhstan Seeks to Attract Foreign Brands Exiting Russia
Kazakh President Tokayev called on creating “favorable conditions” for the businesses that left Russia over its invasion of Ukraine.
business exit
Lego to Cease Russian Operations 'Indefinitely,' 81 Stores Impacted
The world's largest toymaker cited the "continued extensive disruption in the operating environment."
bath bomb bust
Lush Cosmetics Forced Out of Russia by Supply Crunch – Kommersant
Russia’s new “parallel imports” scheme has been unable to revive supplies.
seizing opportunity
Russia Replaces Disappearing Western Gadgets With Chinese Brands
Analysts interviewed by Kommersant said they expect well-known Chinese brands to cement their leadership in the Russian market.
'context of uncertainty'
Michelin Tire Group to Give Up Russia Business
The French tire maker will transfer its activities in Russia to local management.
ending presence
Cisco Announces Wind-Down of Operations in Russia, Belarus
A growing number of Western businesses are now completely exiting Russia instead of keeping their operations suspended.
running out
Nike Says Permanently Exiting Russian Market
The U.S. sportswear giant had suspended its Russian operations nearly four months ago.
market withdrawal
IKEA to Close Russian Stores – Vedomosti
The store's reported closures follow its announcement last week that it will scale down operations in Russia.
diminished event
In Photos: Russia Holds Showcase Economic Forum in War's Shadow
This year's St. Petersburg International Economic Forum (SPIEF) lacked the Western presence of years past.
'difficult but necessary'
IKEA to Scale Down Operations in Russia, Sell Factories – RBC
The furniture giant is taking the next step in winding down its Russia-based operations after temporarily suspending them in March.
economic isolation
7 in 10 European Businesses to Cut Russia Investment – Poll
Supply chain disruptions, lower sales volumes and difficulties with payments are forcing businesses to revise their forecasts.
turning a new page
Deloitte’s Russian Branch Restarts Operations Under New Brand – Reports
The consultancy giant's former Russian partner will operate independently under the name Business Solutions and Technologies.
debt standoff
Russia Says Will ‘Go to Court’ if Declared in Default
Credit ratings agency S&P said Russia had gone into "selective default" after it repaid dollar-denominated bonds in rubles.
russian rebrand
Russians Eye Departed Western Brands’ Trademarks
As international companies leave the Russian market, enterprising Russians hope to claim the logos they leave behind.
closed shops
Johnson & Johnson, Decathlon Halt Business in Russia
Hundreds of major Western companies have already left the Russian market over the war in Ukraine.
Month-long pause
Moscow Stock Exchange Partially Reopens After One-Month Closure
Trading renewed for only around 30 of the largest companies that make up the ruble-denominated MOEX Russia Index, which saw early gains of over 10%.
bracing for impact
For Russia's Small Businesses, Instagram Ban Deals a Huge Blow
Already facing the economic shock of sanctions, Russia's entrepreneurs have now lost a critical means of running their businesses.
asset seizures
Moscow Threatens Western Companies With Arrests, Seizures: Report
The Russian embassy in the United States on Sunday dismissed the report as "fake."
quick turnaround
In Reversal, Uniqlo Suspends Business in Russia
The announcement came after the company's president said the conflict should not deprive people in Russia of clothing.
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