Posted 19 июля 2022,, 07:15

Published 19 июля 2022,, 07:15

Modified 24 декабря 2022,, 22:37

Updated 24 декабря 2022,, 22:37

International clothing brands will lose $ 800 million when leaving Russia

International clothing brands will lose $ 800 million when leaving Russia

19 июля 2022, 07:15
With a complete exit from the Russian market, international clothing brands will suffer losses of $760-800 million, and the owners of shopping centers where foreign retailers were anchor tenants will suffer losses of 2.3 billion rubles.

As Kommersant writes, citing representatives of two audit companies that studied possible losses at the request of networks, this estimate is conservative, it assumes that retail chains will be able to sell off the remaining goods, as well as resolve the issue of breaking lease agreements.

Recall that on the eve of H&M, which completely stops its Russian business, announced a loss of 2 billion Swedish kronor - about $ 109 million. The auditors specified that the brands of the Spanish Inditex (Zara, Massimo Dutti, Bershka, etc.) will suffer the most significant losses. They will amount to $300 million. Japanese Uniqlo will lose $150-170. The French Decatlon will lose about the same as the Japanese company.

Recall that earlier it was reported about the imminent return to Russia of the Spanish company - Inditex, however, the head of the retail real estate department of Knight Frank Russia Evgenia Khakberdieva said that Inditex does not plan to resume the work of stores in Russia this summer.

In addition, the Uniqlo retailer promised to remain on the Russian market. Before that, it is known that against the backdrop of a special operation carried out by Russia, the American PVH Corp., which owns the brands Tommy Hilfiger, Calvin Klein, Warner's and others, temporarily closes its stores and stops all commercial operations in the Russian Federation and Belarus from March 7.