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 suspended the operations of its 51 stores in Russia. Russia accounted for ~1% of group sales. Very little supply sourcing from Russia. Revenue decreased in 2024 vs 2023 by more than -20%.
Received revenues in Russia in 2021-2022. In the Annual report 2022 company shows that they decided to exit Russia: https://www.coats.com/-/media/coats/investors/2023/ar2022/ar-2022-chair-statement.pdf but in reality local entity COATS LLC (tax id 7715385954) continues to operate and shareholders didn't change as of end of February 2024.
Suspended wholesale and e-commerce trade in Russia. (No facilities in Russia. Revenue from Russia <0.1%)
Removing Russian made items from stores. Matching customer and employee donations to support British Red Cross (over $1.5 million).
Sending supplies (clothing, food, etc) to Ukraine. Donating 1 million euros towards different Ukrainian relief programs. Allowing customers to make donations in their supermarket locations.
Fully divest Russian operations, sold share in Transgourmet via management buyout
Removing all products 100% sourced from Russia. Changing its brand named chicken Kiev from Soviet to the Ukrainian spelled Kyiv.
Discarded food and other goods of Russian origin from its online supermarket store
S Group announced in March 2022 that it was withdrawing from the Russian market and announced it was selling off its Prisma stores in St.Petersburg. In addition to the three Sokos hotels, S Group owns one hotel property in St. Petersburg that is not part of the transaction and will be sold at a different point.
Received revenues in Russia in 2022-2022. Significantly reduced revenue in 2023 vs 2022. Revenue significantly (by -92%) decreased in 2024 vs 2023.
See parent company, John Lewis Partnership (JLP)
Exits Russia till the end of June 2022. All Watsons stores in Russia are closed as early as the summer of 2022 (the closing process has been ongoing since the first days of Russia's full-scale invasion of Ukraine); all employees are dismissed, except for two for reporting, other administrative work, since closing a legal entity takes more time than a store; further liquidation of the legal entity in Russia is planned; the page https://www.instagram.com/watsonsrussia/ is closed and does not work; the Russian website also no longer exists. That is, in fact, commercial activity will be suspended in the summer of 2022 with the subsequent liquidation of legal entities.
