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20.10.2022

adidas: Update of wind-down business operations in Russia

adidas has initiated the wind-down of its business operations in Russia as the company believes that a resumption of operations is not possible for the foreseeable future. The company has already taken initial steps in recent weeks to close its stores in the region and will wind-down its business in the coming months.

The priority for adidas is a responsible implementation of the measures and the support of the employees and partners affected by the decision. In the interest of the employees and consumers, adidas deeply regrets this development. Initially, at the beginning of March, adidas suspended the operations of its own stores and adidas’ online business in Russia.

adidas has initiated the wind-down of its business operations in Russia as the company believes that a resumption of operations is not possible for the foreseeable future. The company has already taken initial steps in recent weeks to close its stores in the region and will wind-down its business in the coming months.

The priority for adidas is a responsible implementation of the measures and the support of the employees and partners affected by the decision. In the interest of the employees and consumers, adidas deeply regrets this development. Initially, at the beginning of March, adidas suspended the operations of its own stores and adidas’ online business in Russia.

More information:
adidas Russia
Source:

adidas AG