LVMH, Kering, Hermès, and Chanel Suspend Business in Russia

The world's top luxury brands have announced that they will be temporarily closing stores and halting business operations in Russia following the recent military actions against Ukraine.Hermès and Richemont, the holding company behind Cartier, Dunhill, and Jaeger-Lecoultre, were the first to annouce the suspensions followed by Chanel, LVMH, and Kering (Gucci, Saint Laurent, Balenciaga, Bottega Veneta, etc.). Other global retailers joining the list include IKEA, H&M, adidas, and Canada Goose.San...