Uniqlo’s Owner Pulls Out of Russia, in a Reversal - The New York Times

Tadashi Yanai, the founder of Fast Retailing, had faced backlash for his decision to stay in Russia.

In an about-face, Fast Retailing, the clothing giant that owns Uniqlo, said on Thursday that the brand would stop operating in Russia. Just days earlier, the companys founder had said it would contin… [+585 chars]

full article...