Uniqlo owner Fast Retailing will keep its stores in Russia open, joining a small group of international firms that have stayed put even as dozens of big brands pause operations or exit the country over its invasion of Ukraine.
"Clothing is a necessity of life. The people of Russia have the same right to live as we do," the Japanese apparel retailer's CEO Tadashi Yanai said in remarks first reported by Nikkei, adding that every country should oppose war.
Political pressure is building on companies to halt business in Russia while sweeping sanctions affecting everything from global payments systems to a range of high-tech products have complicated operations.
Large shippers have suspended container routes to and from Russia and many Western companies including Nike Inc, Swedish home furnishing retailer Ikea and British energy giants BP and Shell have closed shops or announced plans to exit Russia.
