Report: Swarovski to leave Russia, close business in country
BERLIN, Mar 9 (PRIME) -- One of the world’s largest suppliers of crystals for jewelry, clothes, and lighting equipment Swarovski will leave the Russian market completely and close its business in the country, CEO Alexis Nasard said in an interview to news portal Trend published on Thursday.
The company has concluded that it is unable to support suspended operations in Russia, Nasard said.
The closure of business will be done in compliance with the laws, including economic sanctions, but the deadline for the withdrawal is unclear, he said.
Swarovski suspended sales in Russia in March 2022.