According to Adidas AG CEO Bjorn Gulden, the company has 100 stores left to sell in Russia. Negotiations are underway with applicants for the purchase, writes Reuter.
"We have about 100 stores that are not open, and of course they were put up for sale," Reuter quoted Gulden as saying in a telephone conversation with reporters.
“They can be sold to individuals or subleased. There is no timeline for this, but we are currently paying rent, so the sooner this happens, the better,” Gulden said.
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