Nike to fully exit Russian market in coming months

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DPA

Nike, the world’s largest sporting goods company, is completely exiting the Russian market due to the war in Ukraine, a spokesman said on Thursday. “Our priority is to ensure we are fully supporting our employees while we responsibly scale down our operations over the coming months,” he said. Nike already suspended its business in Russia – like most other Western companies – after the invasion of Ukraine on February 24. German sportswear giant Adidas has paused retail and e-commerce operations in Russia.

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