Uniqlo owner U-turns and suspends operations in Russia

The owner of Uniqlo has made a U-turn and decided to suspend operations in Russia.

Fast Retailing said it faced "operational challenges" due to the "worsening of the conflict situation" after Russia's invasion of Ukraine.

Earlier in the week it had said it would keep its Russian shops open, saying that clothing is a "necessity of life".

But it now joins a rush of global brands halting operations in Russia.

Fast Retailing said Uniqlo could "no longer proceed" in Russia despite its earlier pledge to provide clothing to people affected by conflict.

"Uniqlo has made everyday clothing available to the general public in Russia.

"However, we have recently faced a number of difficulties, including operational challenges and the worsening of the conflict situation. For this reason, we will temporarily suspend our operations."