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Luxury powerhouses including LVMH are temporarily ceasing operations in Russia. Photo: Bloomberg
Luxury powerhouses including LVMH are temporarily ceasing operations in Russia. Photo: Bloomberg
Fashion

4 luxury French fashion giants stopping business with Russia: Chanel, Hermès, LVMH and Kering are all closing their stores in the country, with some making donations to support Ukraine

  • The luxury brands are joining US and European retailers like Ikea, H&M Group and Adidas in ceasing operations in Russia, with Chanel suspending e-commerce too
  • LVMH, which owns Louis Vuitton and Dior, and Kering, parent company of Gucci and Balenciaga, also announced they are making significant donations to Ukraine

Luxury powerhouses including LVMH are temporarily ceasing operations in Russia. Photo: Bloomberg
Luxury powerhouses including LVMH are temporarily ceasing operations in Russia. Photo: Bloomberg
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