Money - International
Levi Strauss suspends commercial operations in Russia
Monday, 07 Mar 2022 10:03 PM MYT
NEW YORK, March 7 — Levi Strauss & Co is temporarily suspending commercial operations in Russia, including any new investments, joining a slew of Western brands that have halted operations in the country following its invasion of Ukraine.
"In 2021, approximately 4 per cent of the company’s total net revenues were derived from Eastern Europe, half of which was related to Russia,” Levi said in a statement. — Reuters
You May Also Like