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Uniqlo Owner Pledges to Stay in Russia as Wave of Companies Exit

  • Russians have the same ‘right to live’: Fast Retailing’s Yanai
  • View runs counter to growing list of companies pulling out
Bloomberg business news
More Companies Are Cutting Ties With Russia Amid Ukraine War

Fast Retailing Co., Asia’s largest retailer and parent of Uniqlo, will continue to operate in Russia even as international pressure to isolate the country for its invasion of Ukraine sees waves of companies pull out. 

“Clothing is a necessity of life. The people of Russia have the same right to live as we do,” Chief Executive Officer Tadashi Yanai said, according to emailed remarks that were first published by Nikkei. While he’s against the war, and urged every country to oppose it, all 50 Uniqlo stores will continue to operate in Russia.