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Italy’s Prada says it is suspending retail operations in Russia -Breaking

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© Reuters. FILE PHOTO – The Prada logo is displayed in a Milan shop on May 1, 2016. REUTERS/Tony Gentile

MILAN, Reuters – Prada (OTC) a Milan-based luxury company, announced on Saturday that Russia has been suspended from its retail activities. It made this statement following similar actions by a host of brands.

Prada stated that “our primary concern is for all our colleagues and their families who have been affected by the tragedy of Ukraine.”

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