Japanese clothing brand Uniqlo has made the decision to leave the Russian market after suspending its operations there last year, according to Russia's deputy trade minister.
Fast Retailing, the owner of brand Uniqlo, halted the brand's operations in Russia in March 2022, following the start of Moscow's military action in Ukraine.
Uniqlo could potentially offer its business model to potential buyers, including lease agreements, popular store locations with high customer traffic, and existing equipment, however, the specific details of Uniqlo's exit strategy and potential sale remain unknown.
Uniqlo was operating 50 stores in Russia. The brand's departure from the Russian market presents an opportunity for potential investors interested in the retail sector.
