Home breadcru News breadcru Announcement breadcru British retailer M&S suspends shipments to Russian franchise business

British retailer M&S suspends shipments to Russian franchise business

04 Mar '22
1 min read
Pic: patat / Shutterstock.com
Pic: patat / Shutterstock.com

British retailer Marks & Spencer (M&S) has suspended shipments to its Turkish franchisee’s Russian business, given the unfolding humanitarian crisis following the invasion of Ukraine. The company is building on its existing support for UNICEF UK’s Ukraine appeal with a £1.5 million package to support the UNHCR and UNICEF to help children and families in need.

“This (£1.5 million package) is made up of a kickstart £0.5 million donation to UNHCR with a further £0.5 million for matched fundraising for all our global colleagues and double donations on Sparks transactions to support UNICEF; and activation of till-point and online giving in the UK,” M&S said in a statement.

“We are also providing practical help through UNHCR; donating 20,000 units of coats and thermals for families in need totalling a further £0.5 million,” the company added.

ALCHEMPro News Desk (KD)

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!