The Levi's denim chain is finally leaving Russia and is selling some of its stores.
According to sources, the company has already stopped supplying clothing, and plans to sell the remaining goods through third-party sites. According to preliminary information, the Turkish company Fiba Holding A.S. may become a potential buyer of Russian stores.
Levi's announced its withdrawal from Russia in March 2022. In addition, it stopped all investments in the territory of the Russian Federation. Chip Berg, CEO of Levi Strauss & Co, said in an interview with the Financial Times that the company does not plan to reopen stores in Russia before the end of 2022.