Mango to Franchise Russian Stores to Local Partners

Spanish fashion retailer Mango is in talks with local partners in Russia to hand over the shops it had temporary closed in March following Moscow’s invasion of Ukraine.

The first two of the 55 shops Mango was directly operating in Russia will be transferred this week to local partners, the Spanish company said in a statement on Monday.

Many Western retailers are seeking to get out of the Russian market. Furniture maker IKEA last week said it…