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Nike will not renew franchise agreement with Russian retailer

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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

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.

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The Kyiv Independent staff documented what it feels like to live and sleep in Kyiv, Ukraine, as Russia intensifies its drone and missile attacks on the city. Filmed over several weeks in June and July, our journalists take shelter in bathrooms, basements, and parking garages as explosions ring out overhead.

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