No Ikea shelves, No Levis: The retail exodus from Russia is on

Since the invasion of Ukraine began, the increasing financial and reputational risks of doing business in Russia are leading Western brands to halt operations.

Last week, Apple, H&M Group, Nike, Ikea, LVMH Moët Hennessy Louis Vuitton, Hermès and Chanel said they would temporarily close stores in Russia. This week, Levi Strauss & Company and Adidas said they were also stopping sales in the country. On Tuesday, McDonald’s and Starbucks said they would temporarily close their hundreds of stores in Russia. Read more at The New York Times.