A young woman walks past a L'Etoile shop on Novy Arbat street, in Moscow, Russia. French luxury brands have announced the suspension of activities in Russia. Among them are Kering (Gucci, Balenciaga, Yves Saint Laurent), Hermes, Chanel and Cartier. Louis Vuitton Moet Hennessy (LVMH) has temporarily closed all 124 stores in Russia. Chanel has suspended the operation of 17 stores in Russia. Hermes will temporarily suspend the operation of three stores.
- Package: Russia Economy Sanctions
- Categories: Economy, Business & Finance, Human Interest
- Location: Moscow, Russia
- Event date: 09.03.2022
- Date published: 09.03.2022
- Author: Alexey Maishev
- Credit: Sputnik
- Source: Sputnik
- Original: Digital
- Media: JPEG, 5568x3712px, 13.7Mb
- Job-ID: 9bec89af9b159c4