German sportswear group Adidas is briefly closing its shops in Russia and shut its on-line store, becoming a member of a rising listing of corporations suspending their actions following the invasion of Ukraine.
Adidas stated in a press release late Monday that it might “suspend the operations of our stores and our e-commerce site in Russia until further notice” however proceed to pay its workers.
The clothes shop beforehand suspended its partnership, going again to 2008, with the Russian Soccer Union following the invasion.
Adidas has round 500 places in Russia and different former Soviet republics out of a complete of two,168 worldwide, using round 7,000 folks within the area, a spokesman for the corporate advised AFP on Tuesday.
On the finish of 2020, gross sales available in the market made up 2.9 % of Adidas’s complete revenues.
The sporting items firm, primarily based in Herzogenaurach in Bavaria, has an extended historical past in Russia, the place it has provided groups for the reason that Sixties, founding a neighborhood subsidiary in 1992 after the top of the Soviet Union.
The corporate joins rivals corresponding to Nike and Bavarian neighbour Puma in closing its shops in Russia, in addition to an rising variety of corporations in different sectors, together with German carmakers Volkswagen, BMW and Mercedes-Benz.
Adidas will publish its 12 months finish outcomes on Wednesday.