M&S suspends shipments to Turkish franchisee's Russian business – Reuters.com

A sign for Marks and Spencer (M&S) hangs outside one of their UK stores in London, Britain, December 28, 2021. REUTERS/Toby Melville
LONDON, March 3 (Reuters) – British food and clothing retailer Marks & Spencer (MKS.L) has suspended shipments to its Turkish franchisee's Russian business following Russia's invasion of Ukraine, it said on Thursday.
FiBA Group has worked in partnership with the UK retailer since 1999. It operates 48 M&S stores in Russia and 10 in Ukraine as well as stores in Turkey.
On Wednesday, British online fashion retailers ASOS (ASOS.L) and Boohoo (BOOH.L) said they had suspended sales in Russia, joining a growing list of companies shunning the country. read more
M&S said it was building on its existing support for UNICEF UK's Ukraine appeal with a 1.5 million-pound ($2.0 million package of aid.
($1 = 0.7486 pounds)
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