Luxury group Kering temporarily closing stores in Russia

Luxury group Kering is temporarily closing stores in Russia, the company said in a statement on March 4, Report informs referring to Reuters.

The French multinational said the decision was due to “growing concerns regarding the current situation in Europe” and that it would continue to support local teams.

Kering group was founded in 1962, and it includes such brands as Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, Dodo, Qeelin, Ulysse Nardin and Girard-Perregaux.