In the Media

In the Media

March 13, 2022

Russia’s efforts to salvage economy could have devastating impacts

In an interview with The Hill, Veracity Executive Chairman Steven Fox commented on the impacts of Russia's economic reforms on its ties to the global economy, describing recent moves such as strict banking limits and export controls as a "nail in the coffin" for foreign investor appetite in the country.
In the Media

March 10, 2022

Uniqlo bows to public pressure to close stores in Russia

Veracity Executive Chairman Steven Fox spoke with CBS MoneyWatch about Uniqlo's decision to step away from Russia after operational difficulties and public pressure, anticipating that the company would eventually pull out and noting that "it would not be right to stick to business as usual."
In the Media

March 9, 2022

Denial of denim: Levi’s Russia pullback sparks memories of Soviet era

In a Financial Times article analyzing Levi's exit from Russia following the invasion of Ukraine, Veracity Executive Chairman Steven Fox commented that "it's the first European war in the ESG age," and that for a brand like Levi's, "it's going to be difficult to sit on the sidelines."