South Korean brand LG, Germany’s Bosch and Japanese company Sony have begun closing stores in Russia, Kommersant business daily reported.
As LG technical support told Kommersant, the brand’s stores were closed because of “supply chain problems.”
In total, according to the LG website, the company had four stores in Moscow.
In March, Grundig (owned by Turkish company Arcelik) will open to replace LG.
A Sony support operator cited a similar reason for the closure of stores in the Afimall City shopping center in Moscow. The brand’s three retail outlets in Moscow will remain open until the summer to unload the remainder of their products.
“Previously, there was a Sony Center in every million-plus city in Russia, but due to sanctions they are all closing,” the support operator told Kommersant. (By TASS news agency)
