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externalNike will not renew franchise agreement with Russian retailer

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May 26, 2022 3:05 amby The Kyiv Independent news desk
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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
Author:  The Kyiv Independent news desk

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