Thursday, December 8, 2022

externalNike will not renew franchise agreement with Russian retailer

This item is part of our running news digest

by The Kyiv Independent news deskMay 26, 2022 3:05 am

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.

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The Kyiv Independent news desk
The Kyiv Independent news desk

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