Marks & Spencer is suspending all shipments to its Russian stores in response to the “unfolding humanitarian crisis” in Ukraine.
The British retailer’s Russian business is operated by Turkish conglomerate Fiba Group, which has worked in partnership with M&S since 1999 and also operates M&S stores in Ukraine.
There are currently 48 M&S outlets in Russia and 10 in Ukraine.
“We are doing everything we can to support the people of Ukraine,” the company said.
M&S is also donating a further £1.5m package to support the UN Refugee Agency (UNHCR) and Unicef.
This will be done via a £500,000 kickstart donation to UNHCR and a further £500,000 for matched fundraising for all its global colleagues as well as double donations on Sparks transactions to support Unicef.
Additionally, M&S is making a £500,000-worth donation of 20,000 units of coats and thermals for families in need.
No comments yet