Nike latest brand to leave Russia permanently

Source: BBC News [UK state media]

“Nike has announced plans to leave Russia, becoming the latest Western brand to quit the country since the invasion of Ukraine in February. The US sportswear giant halted online orders and closed the stores it owned in the country in March. Shops run by local partners continued to operate, but the firm is winding down those agreements. Networking giant Cisco also said it would start to fully wind down operations in Russia and Belarus. Other companies that have finalised plans to leave in recent weeks include McDonald’s and Starbucks. ‘Nike has made the decision to leave the Russian marketplace,’ the company said in a statement. ‘Our priority is to ensure we are fully supporting our employees while we responsibly scale down our operations over the coming months.'” (06/23/22)