Uniqlo has made a u-turn and announced the closure of its Russian stores

2022-04-30 0 By

Uniqlo, owned by Japanese clothing tycoon Tadashi Yanai, decided on Thursday to temporarily close 50 stores in Russia.Before this, Yanai also publicly stated that all Uniqlo stores in Russia will continue to operate.Clothes are a necessity of life, and The Russian people have the same right to live as we do.Uniqlo’s reversal, similar to shell’s earlier one, also highlights the pressures facing multinationals amid conflict.Yanai appears to be resisting pressure to follow suit, as well as Japan Tobacco, which has a 37% market share in Russia, which was forced to suspend operations there on Thursday.