French designer giants suspend sales in Russia
French luxury giants have joined other firms in announcing they will suspend sales in Russia amid the ongoing war in Ukraine. LVMH, Hermes, Kering and Chanel have decided to temporarily shut their shops in Russia, the firms said on Friday. It follows calls from Ukrainian high-end stores to “stand up” following the invasion of the country. Luxury retailers have so far largely been left out of sanctions introduced by Western governments. But many have found doing business and fulfilling orders in the region more difficult, after measures introduced by the UK, European Union and US. The maker of pricey Birkin
