KYIV. UkraineGate , 25 , May , 2022 | World News.
Nike has not renewed its deal with Russia’s largest franchise chain. This was announced in a letter to employees by the head of this network – Inventive Retail Group – Tikhon Smykov, as reported by Russian media .
Quote
“As IRG’s inventories run out, it will be forced to close all its stores under the brand,” Vedomosti quoted Smykov as saying.
Inventive Retail Group operates 37 Nike retail stores in Russia.
Before
In March, the company temporarily closed all its stores in Russia and stopped online sales in the country.
Source: Ukrgate
