The Spanish fashion multinational Mango has decided to close its own stores in Russia, temporarily interrupt its operations in that country and stop the shipment of new merchandise due to the invasion of Ukraine.
In a statement, the company reported this Thursday that it has 120 stores in Russia, 65 of which are franchises and 55 of its own.
However, the franchisees will be able to continue operating and distributing the firm’s garments depending on the availability of stocks, it clarifies.
In this way, Mango joins fashion giants such as H&M, which also announced that it is temporarily closing in Russia.
The Spanish company assures that it continues “with sadness and concern” the evolution of the geopolitical situation, alluding to the war, and that “will guarantee coverage and support for its employees during the coming months”, in reference to the temporary economic support that it will provide them.
The firm has 800 employees in Russia and 116 in Ukraine, where it has 14 stores.
Mango stresses that it is in contact “constant” with its workers in Ukraine and that it is giving them financial support.
The company has ordered an accompaniment of its local teams to all employees and family members who have left the country and is providing them with legal and economic support.
From now on, Mango”is made available to its workers in Russia, as well as franchisees and other partners, in order to ensure their needs”.
Mango has also been offered to “donate clothing in response to the refugee crisis, a material that the company could get where it is needed”, he assures.
The company entered 1,842 million euros in 2020 and is present in 110 countries, although it does not detail what part of the total turnover Russia contributes.
Source: Gestion
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