Adidas mulls selling Russian business – Kommersant  ...News

The company has faced losses since halting operations in the country German sportswear giant Adidas could transfer its business in Russia to an alternative foreign investor, Kommersant reported on Tuesday, citing sources.   The move would allow around 100 of Adidas’ most profitable Russian stores to be relaunched, the news outlet said.    Like numerous other global companies, Adidas suspended operations in Russia and closed retail outlets and online stores in March 2022, following the start of Russia’s military operation in Ukraine. The German giant announced in October that it had decided to permanently wind down

Hence then, the article about adidas mulls selling russian business kommersant was published today ( Wednesday 03/05/2023 - 08:44 AM ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Adidas mulls selling Russian business – Kommersant  )

Also on site :

• Skanska signs additional contract with existing client to build a data center in USA for USD 228M, about SEK 2.2 billion
• ‘No way out’: Telangana student dies in Germany after jumping from burning apartment on New Year’s Eve
• Switzerland fire latest: King Charles ‘heartbroken’ after 40 killed in ‘horrific’ Crans Montana bar disaster