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Italy’s Prada says it is suspending retail operations in Russia

Randy Mancini 7 Mar 5
The logo of Prada is seen in a shop in Milan
FILE PHOTO: The logo of Prada is seen in a shop in Milan, Italy May 1, 2016. REUTERS/Tony Gentile

March 5, 2022

MILAN (Reuters) – The Milan-based luxury group Prada has suspended its retail operations in Russia, it said in a statement on Saturday, following a slew of other leading brands who have already announced similar moves.

“Our primary concern is for all colleagues and their families affected by the tragedy in Ukraine, and we will continue to support them,” Prada said.

(Reporting by Crispian Balmer; Editing by Kevin Liffey)