Vedomosti reports on the decision of the American company.
IRG President Tikhon Smykov sent a letter to the company’s employees stating that the franchise agreement with the American company Nike, which produces sports shoes and clothing, has not been extended.
According to Vedomosti, with reference to a document that is at the disposal of the editorial board, it says that the brand line will be closed as soon as IRG exhausts the inventory of products under this brand.
The same information was confirmed by the PR director of the Russian company Lyudmila Semushina.
According to her, deliveries to Russia from Nike to Russia have been suspended, and therefore, mono-brand stores can no longer work.
Nike itself, when asked by the publication, reported that the reason for not extending the agreement was “operational difficulties”, while all store employees now continue to receive payments.
Earlier, back in early March, as Topnews wrote, Nike had already suspended online sales in Russia, and announced the temporary closure of all local stores, including those that worked on franchising.