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HomeEconomyNike makes complete exit from Russia after suspending operations MPNRC
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Nike makes complete exit from Russia after suspending operations MPNRC

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Nike logo. (Image: Twitter/ @nike)

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Oregon: Nike will completely cease operations in Russia, joining other international companies that have withdrawn from the country following the brutal invasion of Ukraine.

Nike Inc. suspended operations at all of its company-owned and operated stores in Russia three months ago but, like other major corporations, has attempted to avoid exposing employees to hardship during evacuations altogether. .

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Russian newspaper Vedomosti reported last month that Nike had ended its relationship with Inventive Retail Group, its largest franchisee in the country.

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“Our priority is to ensure that we are fully supporting our employees while responsibly scaling down our operations in the coming months,” the sports apparel maker said on Thursday.

McDonald’s and Starbucks have pulled out of Russia altogether in recent weeks, after suspending operations.

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