Stop Doing
Business with Russia

Left Russia. 30.06.2022: Pilyugina Anna Alexandrovna becomes the new founder of the organization. The record about the founder COMPANY JOINT STOCK COMPANY LPP has been deleted. COMPANY "FAR EAST SERVICES-FZKO" becomes the new founder of the organization. The new owner of "RE Trading" LLC — the Russian division of the Polish retailer LPP — is the UAE-registered company "Farist Services-Fzco". The record of this in the register is dated June 30, 2022. Could be internal transfer deal as LPP continues to operate in Russia and monitors sales under the name "RE" (LLC "RE Trading", tax id: 7725776121). The company keeps delaying finishing the operations in full. Stores and purchases are still controlled by the central in Poland. The American research company Hindenburg Research published a report in which it is said that the Polish company LPP simulated an exit from the Russian market. Before the full-scale invasion began, LPP was developing business in Russia, which became its largest overseas market and generated 19.2% of revenue from 553 stores. In 2022, LPP said it would sell all Russian shares to the Dubai company Far East Services by June, but after that Polish goods continued to arrive in Russia. Despite LPP's claim that they lost 20% of revenue after the full-scale invasion, profits in 2022-2023 are up 13%. “We believe that LPP was able to publish these excellent results because the denial of the Russian business was a complete sham. Far East Services was listed just a day before LPP announced it had reached an agreement to sell its Russian subsidiary,” Hindenburg Research reported. The report says that LPP's Russian operations are still controlled by the head office in Poland. Hindenburg Research sent out secret shoppers and discovered in Russian stores the same clothes that LPP sells in Poland. In addition, the researchers found out that the business planned to modify the barcodes to hide the true origin of the goods and maintain control over the flow of products. Following the publication of Hindenburg Research, LPP shares fell sharply in price. The company considers this a targeted attack on the business. Polish retail giant LPP accepts 1.8m zloty fine over disclosure failings linked to Russia exit.

The company, whose ties to Russia had exacerbated its financial difficulties after the Kremlin’s invasion of Ukraine, is restructuring its debt for the second time in less than a year. Hilding Anders, which owns a 73% equity stake in Russian bed manufacturer Askona Group (through the Cypris-based company HAILCROFT LIMITED), hasn’t been receiving dividends from the unit as it was ring-fenced from the rest of the group amid sanctions-related red tape. Hilding Anders AB still has major Russian operations is a key supplier of beds for IKEA. "At that time, Hilding Anders also acquired a prestigious customer in the form of the current large network of IKEA stores. The two Swedish companies began a cooperation, which has lasted to this day." (https://www.curem.pl/en/o-curem). "The group includes major retailers such as Ikea, Otto and Amazon as significant customers." (https://www.prnewswire.co.uk/news-releases/hilding-anders-a-kkr-portfolio-company-appoints-jason-forbes-as-president-of-online-brands-and-global-chief-digital-officer-838142990.html). Revenue decreased in 2024 vs 2023 by more than -20%.

Maintain skin and bodycare products; stop other products

The company has stopped exports to customers in Russia and Belarus and imports from these two countries. All investment projects have been cancelled. Local activities are now operating at a minimum and in autonomous mode to maintain the employment of employees.

Refraining from all investments in Russia and at the same time sticking to the delivery stop, have operating production in RF

Promised to close all stores in Russia due to invasion. Stated in the fiscal year ended June 30, 2023: “We have scaled down our operations in Russia. We expect to continue selling a limited selection of products to retailers in Russia”; “ Net sales from Russia decreased in fiscal 2023, as we sold a limited selection of products to certain retailers”.

Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -10%.

Continuing to supply social selling representatives in Russia. Suspending Russian Avon exports. Continuing Russian manufacturing operations, which primarily produce cosmetics for the local market (Fragrance portfolio is currently produced in Russia). The international cosmetics concern Avon, which announced more than a year and a half ago that it would cease investing in Russia, has so far decided not to leave the country. Avon halts Russian business sale. Revenue decreased in 2024 vs 2023 by more than -20%.

Promised to suspend new investments but opened its 80th store in Russia in March 2022. Revenue decreased in 2024 vs 2023 by more than -20%.

Still selling products to Russia. Revenue decreased in 2024 vs 2023 by more than -20%.

Continue doing business as usual. Revenue decreased in 2024 vs 2023 by more than -10%.

Still operating and actively hiring in Russia. Revenue decreased in 2024 vs 2023 by more than -10%.

Temporarily suspended commercial activities. The American clothing and footwear manufacturer VF Corporation (brands Vans, The North Face, etc.) has decided to close its stores in Russia, and transfer the local division to wholesale deliveries. This is stated in the reporting of the Russian structures of VF Corporation LLC "VF Sys-I-S".

Received revenues in Russia in 2021, which has significantly decreased in 2022, there is no any official announcement.

Reduced revenues in Russia in 2022-2023, Gucci is owned by Kering, which have also scaled back operations. Italian brand Gucci has registered a trademark in Russia until 2033. This will allow it to sell clothes, accessories, jewelry and open restaurants.

The company continues to operate in Russia. Revenue decreased in 2024 vs 2023 by more than -20%.

Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -20%.

Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -20%.

Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -10%.

Remain present in Russia market, exporting production but reduced volumes in 2022 vs 2021. Revenue decreased in 2024 vs 2023 by more than -20%.

The company continues to operate in Russia. Revenue decreased in 2024 vs 2023 by more than -20%.

AliExpress, a global trading platform, has stopped accepting cards from Russian banks that have come under sanctions. This was reported by the Russian edition of MK.RU. AliExpress launches "parallel import" of spare parts to Russia. The National Agency on Corruption Prevention (NACP) included the Chinese group of companies Alibaba Group Holding Limited, which owns the largest online commerce platform AliExpress, on the list of "international war sponsors". The reason for this decision in NAZK was called the continuation of the company's work in Russia, in particular, the provision of a platform for the sale of goods produced by the Debaltseve plant of metallurgical engineering in the DPR. The Chinese company Alibaba, which owns the AliExpress marketplace, has tightened conditions for Russian business: it has stopped accepting rubles and does not allow delivery to Russia. In 2022, Alibaba stopped investing in the Russian subsidiary of AliExpress. In 2023, the company's revenue in Russia decreased by 36%, to almost 10 billion rubles.

The company sells its Russian subsidiary and store. The company owns 60% of the Belarus factory that stopped deliveries to Russia.

Carter’s is suspending all shipments to Russia.

Stopped producing or shipping to Russia

Clothing brands Cropp, House Brand and Sinsay have suspended online stores. Stores Reserved, Cropp and Sinsay are preparing to restart. Cropp changed its brand in Russia to CR.

Online sales running; stopped shipments to franchisees in Russia officially but continues not-officially.

The head office of the Polish LPP SA (manages the clothing brands Reserved, Cropp, House Brand, Mohito and Sinsay) announced the sale of its business in Russia to a Chinese consortium. “As part of the deal, the buyer does not receive the right to use trademarks and brands owned by LPP SA, but will have the right to sell all goods owned by the Russian division of the company,” the company said in a statement.

iCotton is a producer of hygiene products, which earned EUR 13.6 million from a total turnover of EUR 21.7 million on the Russian market in 2021. The company said it was outraged to be on the list as it is rapidly trying to refocus. “From once 60+%, the remaining proportion of Russia amounted to around 5% and no new supplies will take place from October,” Sergejs Binkovskis, chairman of the company's board of directors, wrote in a response.

We will suspend export shipments to Russia and advertising activities, We will continue to use only products that can maintain the hygienic life of women and infants at a minimum,

Mohito brand had 8 stores in Russia. The head office of the Polish LPP SA (manages the clothing brands Reserved, Cropp, House Brand, Mohito and Sinsay) announced the sale of its business in Russia to a Chinese consortium. “As part of the deal, the buyer does not receive the right to use trademarks and brands owned by LPP SA, but will have the right to sell all goods owned by the Russian division of the company,” the company said in a statement.

Suspending shipment in Russia to The Body Shop and Aesop. Pledged over $630K to relief organizations in Ukraine and donation of personal care items. (Generates 5% of company sales from Russia and Ukraine)

Paul Smith said it was pulling out of Russia almost a year after most western brands stopped trading in the country following the invasion of Ukraine. In January 2023, Paul Smith, which at that time was openly trading in Russia, was exposed to criticism for its work in Russia. This led to the sudden announcement that the brand would be leaving - and, at first glance, it looked like it had been done. Its outlet in the GUM mall is gone.However, some Paul Smith products are available online through other retailers such as wholesaler Stockmann, meaning socks, underwear, T-shirts, shorts, sneakers and sweatshirts find their way to grateful Russians who are interested The Ozon retail platform also promotes Paul Smith perfumes, bags, belts and T-shirts. The luxury retailer says it has never had direct contact with the two sellers, but admits that "independent entities" and "intermediaries" are "outside of our control."

No public announcement regarding Russian operations. (Stores and e-commerce in Russia). Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue decreased in 2024 vs 2023 by more than -10%.

Necessary measures to close stores in Russia have been completed and the company has changed the owner in Russia (from China). Stores Reserved, Cropp and Sinsay are preparing to restart.

Stores with brands Reserved, Cropp and Sinsay are preparing to restart (the new owner is a company from China).

Suspended shipments to Russia but online sales continue

Substantially suspending sales to Russia

Suspend online sales; no information about on-site sales

Promised to close online sales and planned to close offline stores. The American clothing and footwear manufacturer VF Corporation (brands Vans, The North Face, etc.) has decided to close its stores in Russia, and transfer the local division to wholesale deliveries. This is stated in the reporting of the Russian structures of VF Corporation LLC "VF Sys-I-S".