Nike leaves Russia

25.05.2022,11:12


May 25, Fineko/abc.az. American company Nike has decided to withdraw from the Russian market.

So, Nike has not extended the franchise agreement with Inventive Retail Group (IRG), which owns the largest single-brand chain of stores of the American retailer in the country.

ABC.AZ reports that Nike is not able to deliver its goods to Russia in the near future.

Nike cannot arrange the delivery of goods to Russia in the foreseeable future.

As the non-distributed stocks run out, IRG will be forced to close all its stores under this brand.