Uncategorized

Nike will not renew franchise agreement with Russian retailer

0 min read

The company said in a statement that "due to operational challenges in Russia, Nike has made the decision not to renew or enter into any new business commitments,” Russian business daily Vedomosti reported. Earlier in March, Nike said it would temporarily close its Nike-owned and operated stores in Russia but some locations managed by its Russian retailer, Up & Run, remained open.

Avatar
The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

Read more
News Feed

"The U.K. will continue to step up our action against Russia and its shadow fleet activity to protect our national security, our economy, and global stability," said John Healey, the British economy minister.

Show More