British retailer Mothercare suspends business in Russia

Russia represents around 20-25% of Mothercare's worldwide retail sales

By Tuba Sahin

ANKARA (AA) - Mothercare suspended all of its business in Russia amid Moscow's war on Ukraine.

The move includes shipment of all products, the UK-based baby products company said in a statement on Wednesday.

The local partner of Mothercare is pausing operations in some 120 stores and online, it added.

Russia represents around 20-25% of Mothercare's worldwide retail sales and was previously expected to contribute around £0.5 million ($657,000) per month to group profit.

A growing number of Western firms have pulled out of Russia amid concerns over its war with Ukraine which has forced 2 million people to flee the country, according to UN figures.

Be the first to comment
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.

Money News