British clothing-to-food retailer Marks and Spencer on Wednesday announced a full exit from Russia following the country’s invasion of Ukraine. After halting product shipments to Russia at the start of March, Marks and Spencer said it had decided “to fully exit” its Russian franchise run by Turkish conglomerate Fiba Group. The exit, plus disruption to M&S operations in Ukraine run also by franchisee Fiba, is costing the British company £31 million ($39 million, 36 million euros). “Unfortunately, our Ukrainian business has also been partially closed as a result of war impacts, and we are working with our partner to reopen as and when possible,” the company added in a statement. An M&S spokeswoman confirmed to AFP that the group’s “brand will no longer be used in Russia”. Its exit from Russia comes also after Marks and Spencer last year shut more than half its stores in France as Brexit affected supplies of fresh and chilled products. M&S on Wednesday said it had taken a charge of £10.3 million following the French shakeup.
Indian Americans
California-based Indian-origin poet Major Bhupinder Singh Daler’s collection of ghazals released
Parminder Aujla SACRAMENTO / AMRITSAR (TIP): A collection of ghazals by eminent California-based poet Major Bhupinder Singh Daler was released at Punjab Natshala, Amritsar. The literary event was hosted by the Alfaz Theatre Organisation. Vishal […]
Food Corner
Mozzarella Sticks
INGREDIENTS 300 gm mozzarella 1/2 cup chickpeas flour 1 cup sunflower oil 1/2 cup all purpose flour 1/2 cup crushed breadcrumbs Method Cut the cheese into 1/2-1 inch sticks and keep aside. Mix the maida […]
Incredible India
Coastal Karnataka
Coastal Karnataka is bestowed with sandy beaches, lush greenery, lively culture, magnificent temples, and delicious cuisine. If you are looking for a much-needed break from the hustle-bustle of daily life, the towns in coastal Karnataka […]
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