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%

South Africa 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 ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

4 Tech-enabled ways to fast-track business growthRunning a business isn’t easy. Luckily, tech companies are making it easier for all business owners to run and grow their businesses.
Source: mybroadband - 🏆 11. / 67 Read more »

4 Easy ways to grow your business with techRunning a business isn’t easy. Luckily, tech companies are making it easier for all business owners to run and grow their businesses.
Source: BusinessTechSA - 🏆 24. / 61 Read more »