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Nike announced withdrawal from Russian market

... Lyudmila Semushina, in turn, noted the fact of the termination of supplies and the shortage of goods of the American brand. According to her, in such a situation, it becomes impossible to maintain the work of mono-brand stores, which leads to their closure. The representative of the American brand, commenting on the current situation, noted that Nike has already made a decision not only not to renew existing partnerships, but also not to create the new ones. At the moment, business activity in Russia ...

Rostov restaurant chain "Eat and drink" no longer exists

A popular catering chain in Rostov-on-Don was liquidated by the decision of its owner. Business founder Vadim Kalinich announced the loss of prospects for developing the restaurant format. He believes that such a model of entrepreneurial activity, including the creation and sale of products, is archaic in the current conditions. The restaurant chain he created a decade and a half ago has stopped working since January 2022. The firm operated the “Antorekot” and “Apron” restaurants and others, many...

YANDEX COMPANY LIQUIDATES INVESTMENT SERVICE

... the service will be terminated. Clients of the service will be able to withdraw finances and sell shares until April 15, 2022. It is emphasized that "Yandex" guarantee not only the phased elimination of the project. Even after its complete closure, users will still be able to access their funds through the company's website or through the bank's application. Users will be allowed to transfer assets to another broker. The information service worked in Russia for about two years. The company ...

WESTFALIKA SHOE STORES LIQUIDATED IN KIROV

... restructuring program the company, apparently, decided to liquidate some of the outlets, starting with the Kirov stores. Currently, there are 8 issues of OR GROUP bonds in circulation on the Moscow Exchange in the amount of 4.75 billion rubles. Whether the closure of low-margin stores will lead to successful results will become clear soon. However, the company itself hopes for help from the state. According to a number of experts, the exit of a number of foreign shoe brands from the Russian market may have ...

Do Poland and the Baltic States threaten Kaliningrad region with a blockade?

... words, Lithuania is connected with Russia and the EU by a trilateral agreement that imposes additional obligations on the country related to transit to the Kaliningrad region. At the same time, the Baltic countries and Poland continue to discuss the closure of not only land borders with Russia and Belarus, but also the closure of maritime traffic. According to experts, there are no economic grounds for this. More precisely, such actions can become a devastating factor for the economy of the Baltic ...

OBI chain has no plans to resume work in Russia in the nearest future

The leadership of a German company that manages a chain of stores for construction in Russia had to refute the statement of one of the top managers. On March 29, 2022, speaking at the Moscow DIY forum, the head of the purchasing department Maxim Suravegin said that the network would resume work in the Russian Federation immediately after the elimination of the technical failure. In particular, he talked about retail outlets in the Russian capitals (Moscow and St. Petersburg), which will take several...

Victoria's Secret and Discovery: foreign companies leaving Russian market

Foreign companies continue to leave the Russian market. The territory of the country, which is conducting a military special operation in a neighboring state, is being rapidly left by the well-known brands, many of which came here back in Soviet times. How the authorities will solve the issue of employment of those Russians for whom the suspension of the work of company or its withdrawal from the market has become a loss of a job is still unknown. More than 250 well-known companies have already...

Over 100 global brands leave Russian market

The special operation launched by Russia in Ukraine has led to a mass exodus of foreign companies from the country. The sanctions imposed by the United States, the European Union and other countries against individuals and organizations contributed to the suspension of activities in various sectors of the national economy: retail, manufacturing, banking. Representatives of the textile industry are already recommending that citizens purchase clothes at least a year in advance. What the digital technology...

Russian tourists will not be able to fly to the Dominican Republic and Cuba

The day before, the Association of Tour Operators of Russia (ATOR) announced the suspension of the sale of tours to a number of countries in North America. Among them are the Dominican Republic, Cuba, as well as Mexico and Venezuela. Starting from March, only export flights are planned from these countries. As one of the reasons for the decision, the ban of most European countries on the flights of Russian aircraft over their territory due to the aggravated geopolitical situation was named. ...

Stray cats saved Japanese restaurant from bankruptcy

An unusual ‘cat cafe’ appeared in Japan as a result of compassion for homeless animals, shown by the owner of a small restaurant in Osaka. A railroad-themed catering establishment that had been successfully operating before the pandemic, began to collapse. Its owner Naoki Teraoka began to consider liquidation of his business as financial aid from the state dwindled. But then a case intervened in the life of the owner in the face of a sickly kitten, wandering near the restaurant. The owner's family...

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