Nike officially announced the termination of its activities in Russia
24.06.2022 5208

Nike officially announced the termination of its activities in Russia

On Thursday, Nike Inc made an official statement about the termination of activities in Russia. Meanwhile, branded retail of the brand continues to work. The American company is selling off the leftovers, stores will be open one week.

Nike Inc. decided to leave the Russian market, the company said in a statement. “Our priority is to ensure that our employees are fully supported while we reduce our operations responsibly in the coming months.”

In March, Nike announced that it would temporarily close all owned and franchised stores in Russia and stop shipping products from its website to Russia. At the end of May, Nike announced that it would not renew an agreement with its largest franchisee in Russia, Inventive Retail Group (IRG).

On Thursday, Nike Inc made an official statement about the termination of activities in Russia. Meanwhile, branded retail of the brand continues to work. American company is selling off leftovers, shops…
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