Paul Smith has decided to leave the Russian market. So the British brand will close its two stores in the country which were operated by a franchise partner.
In February 2022, on learning of Russia’s invasion of Ukraine, many brands took to cutting ties with suppliers and franchises in the region, or closing up shop altogether, in response.
UK fashion retailer Paul Smith has 130 stores in 70 countries and celebrated 50 years of independent design in 2020. Paul Smith is Britain’s leading independent design company. This is a British company with a global outlook.
Paul Smith champions positivity, curiosity and creativity. These qualities underpin every Paul Smith design, whether it’s a shirt, a shop or a special collaboration. Since Paul Smith products are crafted with fifty years of design knowhow, this experience informs everything it makes, from refined yet relaxed tailoring for men and women through to casual trainers, formal shoes and Paul Smith Junior pieces for young customers.
Days after the war began, Inditex decided to close its 502 shops in Russia, its second largest market after Spain, with more than 9,000 employees, and to suspend online sales in the country as a result of the Russian invasion of Ukraine.
