Polish clothing manufacturer LPP Group, which owns the brands Reserved, Cropp, House, Mohito and Sinsay, has announced the closure of all its stores in Russia.
The company said in a statement that on March 29, the retailer completed the operational arrangements needed to shut down stores and closed the last one today.
With the start of the Russian invasion of Ukraine, LPP Group suspended the transportation of goods to Russia, all investments and development plans, and also stopped online sales of all its brands.
Against the background of the war in Ukraine, many foreign companies decided to suspend or stop their business in Russia, as well as the supply of their products to the country.