Italian luxury brand Prada suspends retail sales in Russia

ROME, March 7 — Italian luxury label Prada has announced it is suspending retail sales in Russia following the invasion of Ukraine.

Prada is following in the footsteps of other multinationals and luxury brands, including the French giants LVMH, Hermes and Chanel.

“The Prada Group suspends its retail operations in Russia,” the firm said on its Linkedin site, adding that the move was effective from Saturday.

“Our primary concern is for all colleagues and their families affected by the tragedy in Ukraine, and we will continue to support them,” Prada said.

“The Group will continue to monitor further developments.” — AFP