Agreements with Up And Run, A3 Sport and Yar are reported to be expiring on May 26
US sportswear maker Nike has not renewed agreements with its largest franchisee in Russia, the Vedomosti daily reported on Wednesday, marking the latest exit by a major US brand since Russian forces entered Ukraine.
“As supplies of goods run out IRG will be forced to close all of its shops under this brand,” Vedomosti quoted IRG President Tikhon Smykov as saying in a letter to employees. Up And Run operates 37 stores across Russia, from St Petersburg to Novosibirsk, and its website listed 28 of them as still open.
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