Uniqlo suspends business in Russia

Casual wear giant Uniqlo will suspend operations in Russia, parent company Fast Retailing said Thursday, days after its president defended staying open in the country following Moscow's invasion of Ukraine.

"Uniqlo has made everyday clothing available to the general public in Russia too, as part of our mission," the Japanese firm said in a statement.

"However, we have recently faced a number of difficulties, including operational challenges and the worsening of the conflict situation.

"For this reason, we will temporarily suspend our operations."