Arc’teryx’s parent company, Amer Sports, is suspending all business activities in Russia, including in-store and online sales and shipments to wholesale partners in the country.
The company previously suspended shipments to Russia on Feb. 26, two days after the country’s military invaded Ukraine.
Amer Sports says it remains closely linked to its colleagues in Russia and extends its support to its local team.
The company says it is donating to UNICEF to support the many individuals and families affected by war.
Arc’teryx spokeswoman Lindsey Matese Kepley said the Vancouver-based outdoor clothing and climbing gear brand does not have stores in Russia. But she says Amer Sports previously made Arc’teryx products available in Russia through a shared sales office.
Exit of luxury brands
Several European luxury brands have also halted business relations with Russia.
Chanel announced on Friday that it would suspend operations, along with rival French fashion house Hermès.
French multinational Kering, which owns high-end brands such as Gucci, Bottega Veneta, Alexander McQueen and Saint Laurent, has also stopped selling in Russia – as has LVMH, the company behind Louis Vuitton, Christian Dior, Givenchy and Fendi. .
Due to growing concerns about the current situation in Europe, Gucci is temporarily closing its stores in Russia. Gucci will continue to support its local teams and their families and closely monitor the evolving situation.
A growing number of multinational companies have cut Russia off from financial services and vital technology products in response to Western economic sanctions and global outrage over the invasion of Ukraine.
Netflix and TikTok suspended most of their services in Russia on Sunday as the government cracked down on what people and the media could say about Russia’s war in Ukraine.
American Express also announced earlier today that it would suspend operations in Russia, as well as in Russia-allied Belarus. American Express cards issued globally will no longer work at merchants or ATMs in Russia, the company said in a statement. AmEx cards issued locally in Russia by the country’s banks will also no longer work outside of Russia.