Sharecast News
03 Mar, 2022 14:31

Boohoo suspends sales into Russia

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Boohoo GroupSharecast graphic / Josh White

Online fashion conglomerate Boohoo Group confirmed on Thursday that it had suspended sales into Russia, in the wake of the country’s violent invasion of Ukraine.

The AIM-traded firm said sales made by the group into Russia were “not material”, making up less than 0.1% of group revenues.

“Boohoo is deeply concerned about the tragic developments in Ukraine,” the board said in its statement.

“Immediately following the invasion, the group suspended sales to Russia, and also closed its Russian trading websites.”

Boohoo said it would update the market on its trading for the three and 12 months ended 28 February on 10 March.

At 1414 GMT, shares in Boohoo Group were down 4.44% at 78.72p.


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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.