News > Zara owner Inditex temporarily shuts down all Russian stores

Zara owner Inditex temporarily shuts down all Russian stores

Spanish fashion retailer and Zara owner, Inditex has suspended all its tradings in Russia. This has come in order after the closing of 502 of its shops and halting all sales online.

The Spanish company made the announcement in a statement on Saturday, March 5. The owner of the famous retail brand, Zara is visibly following the steps of the largest western retail brands. These brands, including Zara’s main competitor, Hennes & Mauritz (H&M) , have halted all its operations in Russia.