Hugo Boss to sell its Russian subsidiary
Along with many other Western companies, Hugo Boss suspended its retail operations in Russia after the beginning of the full-scale invasion of Ukraine in February 2022.
Along with many other Western companies, Hugo Boss suspended its retail operations in Russia after the beginning of the full-scale invasion of Ukraine in February 2022.
The media outlet RBC-Ukraine shared videos of long lines of people waiting to enter the stores.
The exit measures implemented by the Russian government, combined with writedowns, lost revenue, and other factors, account for the staggering figure, Reuters found.
Leading international electronics companies, including Samsung and Xiaomi, have resumed advertising in Russia after suspending product promotion after the start of the full-scale invasion, Russian state media outlet Kommersant reported, citing TelecomDaily data.
After Russia began its brutal full-scale invasion of Ukraine on Feb. 24, many multinational companies have announced that they are voluntarily curtailing or halting their business there. Some, like Nestle or PepsiCo, were pressured into making the decision after facing pushback from their employees in Ukraine, customers around the globe,