News Formal

Nike to scale down Russian business ahead of full exit

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Business News News

Joins other big Western brands in confirming it will leave the country over the invasion of Ukraine

23 June 2022 - 16:35People walk past a closed store of the sporting goods retailer Nike at a shopping mall in Saint Petersburg, Russia on May 25 2022. Picture: REUTERS/ANTON VAGANOV

Nike said on March 3 it would temporarily suspend operations at all its Nike-owned and -operated stores in Russia in response to Moscow’s actions in Ukraine, adding that those still open are operated by independent partners.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nike to scale down Russian business ahead of full exitJoins other big Western brands in confirming it will leave the country over the invasion of Ukraine
Source: BDliveSA - 🏆 12. / 63 Read more »

Nike to scale down Russian business ahead of full exitJoins other big Western brands in confirming it will leave the country over the invasion of Ukraine
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Germany Warns of Lehman-Like Contagion From Russian Gas CutsGermany warned that Russia’s moves to slash Europe’s natural gas supplies risked sparking a collapse in energy markets, drawing a parallel to the role of Lehman Brothers in triggering the financial crisis.
Source: dailymaverick - 🏆 3. / 84 Read more »