Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

Nike to exit Russia market permanently


Nike has announced plans to permanently exit the Russian market, and will not reopen stores shut after Moscow started a military campaign in Ukraine.

As per a First Post report, the US sports apparel giant is among a growing list of Western companies -- including McDonald's and Starbucks -- that decided to pull out of Russia over Ukraine.

Nike added that its website and app will no longer be available in the country.

Last month, Nike said it will not be renewing licensing agreements with Russian retailers.

Russia's President Vladimir Putin ordered troops into pro-Western Ukraine on February 24, triggering unprecedented sanctions and sparking an exodus of foreign corporations including H&M, Adidas and Ikea.


VF Logo