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Marx & Spencer

Marks & Spencer has 48 stores in Russia. The stores were run on a contract basis by a Turkish company called FIFA.

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Deportation from Russia

Deportation from Russia

According to company officials, Marx & Spencer has decided to leave Russia completely after 17 years, after all legal issues have been resolved.

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Extra cost

Extra cost

The move from Russia to another country is estimated to cost the company about 33 million euros.

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Report

Report

“Many of our businesses in Ukraine have been shut down due to Russia’s war on Ukraine,” Marx & Spencer said in a statement. But we are serving in Ukraine as much as possible with the cooperation of our allies in that country.

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  No sale

No sale

But business in Russia has reportedly been forced to close. The report also confirms that Marx & Spencer’s brands will no longer be sold in Russia.

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And some companies

And some companies

Although Marx & Spencer’s decision came as a shock to Russia, Ukraine has announced that it will not back down from its end of the war. Following in the footsteps of Marx & Spencer, some other companies have reportedly decided to leave Russia.

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