Trussardi has closed the final chapter of its Russian story. The Italian fashion house officially exited the Russian market in early April 2026, completing a phased withdrawal that began in 2022 following the outbreak of the Russo Ukrainian War.
A Decade of Russian Operations Comes to an End
Trussardi‘s direct retail presence in Russia launched in November 2016 with the opening of its inaugural boutique in Moscow‘s iconic GUM department store, followed by the gradual build out of a wholesale and retail network across the country. By early 2025, the brand still operated approximately 10 stores across Russia, with tentative plans to open a new location in Moscow, ambitions that were ultimately abandoned. All physical retail locations were shut down by the third quarter of 2025, and the legal dissolution of the brand’s Russian operating entity, T.R.S. Distribution LLC, was finalized the same year, with the full market exit completed…
by April 2026. Geopolitics Behind the Exit Trussardi first announced its intention to halt active operations in Russia in 2022 in response to the Russo Ukrainian War, progressively reducing its presence over the following years through a structured withdrawal rather than an abrupt departure.
The brand joins a long list of international fashion and retail companies that have exited Russia since the conflict began, including H&M Group, which left in late 2022, and Moncler, which stopped operations that same year.
The Yale School of Management reported that over 1,500 companies had either scaled back or exited Russia by 2024, though exit deal activity has fallen sharply, dropping to just 23 transactions in 2025, representing approximately 8% of total M&A activity.
A Brand in the Middle of Its Own Restructuring The Russian exit arrives at a pivotal moment in Trussardi‘s corporate history…
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