Nike exits Russia for good

The Edge Markets LogoThe Edge Markets1 mo ago

Nike exits Russia for good

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Nike confirmed this May that it would not renew and make new agreements with Russian partners.

KUALA LUMPUR (June 24): US-based footwear and apparel producer Nike has decided to leave Russia.

The company on its website on Thursday (June 23) said it had made the decision to leave the Russian marketplace.“ and the Nike mobile app will not be available in this region anymore.“The Nike stores have been temporarily closed recently and will not reopen," it said.

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Category: InvestingFinance

Topics: Us-based Leave Lumpur (june Russian 24): Producer Footwear Nike Apparel Kuala

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 02:21:36

News Timezone: GMT +8:00

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Language: English

Reading Time: 1 minutes read

Article Length: 93 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 6862

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