TJX U.S.-based fashion retailer TJX said it would sell its 25% stake in the Russian low-cost apparel shop chain Familia. LPP sees the suspension of business in Ukraine and closing stores in Russia costing 25% of revenue. In 2021/2022, Russia was LPP‘s second-biggest market after Poland, constituting 19.2% of its full-year sales revenue. It also said Ukraine could pose a risk to sales of up to 250 million euros ($271 million), or about 1% of the group total in 2021.įourth-quarter results of LPP, Poland’s biggest fashion retailer, were hit with a 335 million zloty ($78 million) write-down, covering closure of its stores in Russia. It operates 500 stores in the country, a quarter of its total. The German sportswear company warned in March of a hit to sales from closing in Russia, without giving an estimate. These are firms, listed by sector, that have provided cost estimates related to a temporary or permanent halt in Russia:

24 have started to report associated losses. – Multinationals that announced their exit from Russia, or suspension of activities there, after Moscow’s invasion of Ukraine on Feb.