Adidas AG suspended its operations of stores and e-commerce site in Russia until further notice, following other athletic-wear makers like Puma SE and Nike Inc. as a reaction to the country’s invasion of Ukraine.
The German sports company said in a LinkedIn post on Monday that it will continue paying its employees in Russia.
Adidas said in its 2020 annual report that 13 percent of its about 62,000 employees were based in Russia and the CIS region. The company suspended its partnership with the Russian Football Union on March 1.
Puma announced last week that it was pausing operations of all its stores in Russia, and Nike said it would temporarily close its stores there.
Russia’s invasion of Ukraine has brought global condemnation, trade restrictions and financial penalties, as well as the departure of some of the world’s most iconic brands.
Russian airstrike kills 21 civilians in Ukraine’s Sumy city: Local authoritiesAt least 21 civilians, including two children, were killed in a Russian airstrike on a residential street in Ukraine’s northeastern city of Sumy late ... World News
Russia foreign ministry calls for return to ‘peaceful co-existence’ with USRussia and the United States should return to the principle of “peaceful co-existence” like during the Cold War, the Interfax news agency cited the ... World News
Ukraine refugees could top two mln by ‘today’ or ‘tomorrow,’ UN saysThe number of refugees fleeing the war in Ukraine is expected to top two million in the next two days, the head of the UN refugee agency said ... World News