Stop Doing
Business with Russia
Russia initiated aggression against Ukraine in 2014. On February 24, 2022, it started a full-scale military invasion to the Ukrainian territory. This brutal war and military crimes of Russian troops caused a humanitarian crisis in Ukraine with thousands civilians killed and millions becoming refuges. As a reaction to this act of aggression, many international companies decided to leave the Russian market, while some others continue doing business there as usual. We track such decisions of companies and urge them to stop funding the war.
Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business
Pausing InvestmentsReducing Activities: company scaling back some business operations while continuing others
Scaling BackPause operations: company temporarily curtailing operations while keeping return options open
SuspensionClean Break: the company completely halting Russian engagements or exiting Russia
WithdrawalExit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exit Completed
Temporarily closed stores and paused all commercial activities in Russia and Belarus, promised to suspend operations in Russia. Tommy Hilfiger had running shops in the main shopping malls in Moscow and St Petersburg. 08.2023: The full name was changed from LLC "PEVIACH STORES RUS" to LLC "RETAIL EXCELENCE". Istomina Irina Vladimirovna is no longer the general director of the organization. Schukin Denis Alekseevich becomes the new CEO and founder of the organization. The record about the founders was deleted PRIVATE COMPANY WITH LIMITED LIABILITY "PVH B.V." and PRIVATE COMPANY WITH LIMITED LIABILITY "PVH EUROPE B.V.".
Winding down operations in Russia in 06.2022, suspended operations in 03.2022. 06.09.2023: The legal entity was liquidated.
The American TJX Companies, which received 25% of the Russian chain of Familia stores about two years ago, ceased to be its co-owner, possibly writing off $218 million after this transaction.