Nike finally leaves the Russian market

Nike has decided to finally leave the Russian market. This was reported by Reuters, citing an email from Nike.

In May, it became known that Nike would close all stores in Russia after depleting its inventory, as the American company did not renew its franchise agreement with Inventive Retail Group (IRG).

IRG (re:Store, Samsung, Xiaomi, Nike, Street Beat, Lego, UNOde50 chain stores) owned the country's largest single-brand Nike chain of stores (37 outlets).

Earlier, IRG President Tikhon Smykov, in a letter to the company's employees, called this news a blow for him and all employees: may exist."

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