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Zara Owner Inditex Halts Trading in Russia

A man wearing a protective face mask, used as a preventive measure against the coronavirus disease (COVID-19), walks out of a Zara store in central Kyiv, Ukraine November 25, 2020. REUTERS/Valentyn Ogirenko
A man wearing a protective face mask, used as a preventive measure against the coronavirus disease (COVID-19), walks out of a Zara store in central Kyiv, Ukraine November 25, 2020. REUTERS/Valentyn Ogirenko
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Zara Owner Inditex Halts Trading in Russia

A man wearing a protective face mask, used as a preventive measure against the coronavirus disease (COVID-19), walks out of a Zara store in central Kyiv, Ukraine November 25, 2020. REUTERS/Valentyn Ogirenko
A man wearing a protective face mask, used as a preventive measure against the coronavirus disease (COVID-19), walks out of a Zara store in central Kyiv, Ukraine November 25, 2020. REUTERS/Valentyn Ogirenko

Spanish fashion retailer Inditex has halted trading in Russia, closing its 502 shops and stopping online sales, the company said in a statement on Saturday to the Spanish regulator.

"In the current circumstances Inditex cannot guarantee the continuity of the operations and commercial conditions in the Russian Federation and temporarily suspends its activity", the Zara owner company said.

Russia accounts for around 8.5% of the group's global EBIT, Inditex added.

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Italy's Antitrust Opens Probe into Shein over Environmental Claims

FILE PHOTO: People walk past an advertisement for Shein, March 8, 2024 in London, Britain. REUTERS/Suzanne Plunkett/File Photo
FILE PHOTO: People walk past an advertisement for Shein, March 8, 2024 in London, Britain. REUTERS/Suzanne Plunkett/File Photo
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Italy's Antitrust Opens Probe into Shein over Environmental Claims

FILE PHOTO: People walk past an advertisement for Shein, March 8, 2024 in London, Britain. REUTERS/Suzanne Plunkett/File Photo
FILE PHOTO: People walk past an advertisement for Shein, March 8, 2024 in London, Britain. REUTERS/Suzanne Plunkett/File Photo

Italy's antitrust agency has launched an investigation into Dublin-based Infinite Styles Services CO. Limited, which manages the Italian website of Shein, over possible misleading environmental claims on the website.
The company is seen as trying "to convey an image of production and commercial sustainability of its garments through generic, vague, confusing and/or misleading environmental claims," Italy's antitrust said in a statement.
Some of the information on the clothing collection 'evoluSHEIN', declared by the company to be sustainable, could mislead consumers about the amount of green fibres used, while also failing to inform them about the fact the garments cannot be further recycled, Reuters quoted the authority as saying.
Italy's antitrust also said that Infinite Styles Services CO. Limited appeared to emphasize its commitment to the decarbonization process, while the targets indicated on Shein's website appear to be contradicted by the increase in greenhouse gas emissions indicated in Shein's sustainability reports for 2022 and 2023.
A Shein spokesperson did not immediately reply to a request for comment.
Founded in China, Shein is known for its cheap tops and dresses. Its treatment of workers and environmental record have come under increased scrutiny.