The Ministry of Industry and Trade reminded Uniqlo of the opportunity to leave, as

Uniqlo's McDonald's suspended businessin RUSSIA in March 2022, but has not yet submitted an application to the government commission for the sale of the business, said Yevtukhov, Deputy HEAD of the Ministry of Industry and Trade. He reminded

The Japanese clothing retail chain Uniqlo may put its business up for sale following the example of McDonald's, Deputy Minister of Industry and Trade Viktor Yevtukhov told Izvestia.

According to him, although the company has decided to leave the Russian market, it has not yet submitted an application to the government commission for a deal, that is, this retail chain has no buyer yet.

“I think they can offer potential buyers their business model by analogy with how McDonald's did earlier. A Japanese retailer will similarly be able to offer to buy lease agreements, “busy shopping places” with good customer traffic, and equipment,” Yevtukhov said.

In mid-May 2022, McDonald's sold its business to Alexander Govor, the owner of GiD, which franchised 25 McDonald's restaurants in Siberia.

Govor said earlier that he got the business for a "token fee", and the agreement provides for an option to buy back within 10-15 years. Under the terms of the deal, the new owner was supposed to rename the restaurants in Russia, and he relaunched the network under the Vkusno - and that's the point brand.

In early March 2022, amid Western sanctions and the decision of many foreign companies to suspend or completely stop operations in Russia, Fast Retailing Co., the parent company of Uniqlo, initially announced that it would continue to operate in the country. The general DIRECTOR of the group, Tadashi Yanai, then stated that clothing is a vital necessity and "the people of Russia have the same right to life as we do." However, a few days later, after the criticism that fell upon the company, she announced that she would nevertheless suspend her activities in Russia.

The company closed all stores — there were 50 outlets in Russia — and ended online sales on March 21. Uniqlo's losses after the closure of all stores in Russia amounted to $150-170 million, Kommersant wrote, citing audit companies that, at the request of retailers, studied possible losses due to the cessation of work in the country.

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