Zara closes all stores in Russia amid war and sanctions

Spanish clothing company Inditex SA, owner of retailer Zara SA, has closed all of its 502 stores in Russia, as more brands and retailers temporarily halt their operations in Russia due to logistical issues and sanctions on the country since its invasion of Ukraine, Fashion United reported. Companies like H&M, Ikea, Hermes, LVMH, Kering and Richemont among others have already suspended operations in Russia.