Hermes Is Ceasing Operations In Russia
Hermes International, the famous French luxury fashion house, has publicly announced that it is ceasing operations in Russia and closing all its stores.
"French fashion house Hermès International S.A. is ceasing operations in Russia and closing all boutiques," independent channel NEXTA announced on Twitter.
The fashion house was established in 1837 and is run by the Hermes family. The company, as stated on its website, "is committed to keeping most of its production in France through its 51 production sites, while developing its international distribution network of 306 stores in 45 countries."
Picture Credit Tripadvisor
Other major companies have also made similar decisions to the exclusive French fashion house in response to the attack on Ukraine. By Wednesday evening, 2 March, more than 80 companies had announced their withdrawal from the Russian market.
"French fashion house Hermès International S.A. is ceasing operations in Russia and closing all boutiques," independent channel NEXTA announced on Twitter.
The fashion house was established in 1837 and is run by the Hermes family. The company, as stated on its website, "is committed to keeping most of its production in France through its 51 production sites, while developing its international distribution network of 306 stores in 45 countries."
Picture Credit Tripadvisor
Other major companies have also made similar decisions to the exclusive French fashion house in response to the attack on Ukraine. By Wednesday evening, 2 March, more than 80 companies had announced their withdrawal from the Russian market.
Other Famous Companies That Reacted After Putin Attacked Ukraine:
Adidas, which refused to collaborate with the national football team of the Russian Federation, Audi - exit from the market, Amazon - complete trade freeze, BMW - closed factories and blocked supplies, Boeing - exit from the market, Coca Cola - exit from the market, Facebook - blocking of Russian media accounts, Google Pay - partial blocking, General Motors - blocking of exports, Harley Davidson - disruption of supply lines, Ford - closure of all stores.
Mercedes - Exit from the country, PayPal - blocking accounts for withdrawal, Universal pictures - blocking distribution of films, Visa - suspension of card production, Volvo - exit from the Russian Federation, YouTube - blocking hundreds of channels and their financial exploitation.
And the list goes on.
Russia - A Dangerous Country
Considering the aggressive attitude of Russia and the fact that Vladimir Putin seems to be in rage with the Westerners and the US (he said western sanctions on Russia were akin to a declaration of war), the US government has warned American citizens living or traveling in Russia to "depart immediately", in new guidelines, published by the US State Department.
