A.S. Watson plans to shut down its Watsons stores in Russia amid the war between Russia and Ukraine. “Unsatisfactory business performance” drives the decision to exit The health and beauty retailer looks to close all its 47 stores in Russia by 30 th June 2022 and its online shop by 21 st March 2022. The decision to exit the market was reportedly made before the Ukrainian crisis and ins...

In addition to humanitarian concerns, the crisis in Ukraine has wide economic and commercial implications for the food and grocery industry, since both Ukraine and Russia are major producers and exporters of grain and vegetable oils. Russia is also the world’s leading exporter of fertilizer. Expect further inflation Events have already impacted global prices for oil and gas and this is ha...

Auchan Retail reported its turnover was down by 1%, to €30.5 bn, or by 2.2% on a like-for-like basis. The retailer said its results were impacted by continued challenges in France, while following strong growth in 2020, Auchan’s results in 2021 in Spain and Portugal ‘ suffered by comparison ’. France: total sales down 2.6%, down 4.6% on a like-for-like basis Auchan’s hypermarkets continued ...