7 Mar, 2022 @ 15:51
1 min read

Spanish retail giant Inditex closes 502 stores in Russia over Ukraine invasion


THE Spanish fashion giant Inditex has announced that it is closing its 502 stores in Russia in protest at Putin’s invasion of Ukraine. 

The Galician based retail company which owns Zara,  Massimo Dutti, Bershka and Stradivarius among others said it would suspend operations in all its Russian stores as well as online.

Image from: Retail Week

“In the current circumstances, we cannot guarantee the continuation of our business operation in Russia,” Inditex said in a statement.

The Russian market represents Inditex’s second largest after Spain. It employs 9,000 staff within Russia and contributes around 10 per cent of the global operating profit for the company owned by Amancio Ortega. 

The company said it was working on a plan ‘to support its workforce as a priority’. 

It follows the earlier decision by Mango to suspend trading in its Russian stories as well as global brands H&M.


Family business as Marta Ortega takes control of Spain’s Inditex fashion empire

Inditex fashion group reports international sales boom as it prepares to close 56 shops in Spain this summer

I’m terrified for my daughter’: Ukrainian expat on Spain’s Costa del Sol speaks of fear at Russian invasion

Jorge Hinojosa

Jorge Hinojosa Mena was born and bred in Madrid before moving to the UK to study. After an undergraduate degree in Manchester, he completed an MA in International Journalism at City. He has worked in radio and for Spain’s Efe news agency before joining the Olive Press in March 2022. Contact: Jorge@theolivepress.es

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