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Fast Retailing, the parent company of fashion brand Uniqlo, has announced it will temporarily suspend its operations in Russia amid the ongoing Ukraine crisis.
While previously continuing its Uniqlo business in Russia, the company said it has recently faced a number of difficulties, including operational challenges and the worsening of the conflict situation.
The announcement comes as a U-turn on the company’s previous decision to continue operating 49 Uniqlo stores in Russia, claiming “clothing is a necessity of life”.
In its latest update, Fashion Retailing said it is “strongly against any acts of hostility” and “condemns all forms of aggression that violate human rights and threaten the peaceful existence of individuals”.
Last week, Fast Retailing also announced a donation of $10m (£7.66m) and clothing through a global partnership with UNHCR. Additionally, the company’s employees in Europe have been delivering clothing to affected people fleeing from Ukraine.
Fashion Retailing said: “Our company mission is centred around offering the general public basic, affordable clothes that are made for everyone. We believe it is our responsibility to provide such essential items to all, including those affected by conflict, natural disasters and other devastations.
“Our thoughts are with the people who are suffering today, and we will do whatever we can to support them during these very tragic times. We wish for the return of peace and stability as quickly as possible.”
