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NIKE RUSSIA
European shares muted as bank gains offset broader lossesEuropean shares were muted on Friday, as losses in tech and consumer stocks were limited by gains in heavyweight banks, but were set to end...- 'Lovin' it': McDonald's raises China bet, bucking Western firms' derisking trendMcDonald's has taken greater control of its China business and expanded aggressively amid a consumer slowdown and geopolitical tensions. Th...
- Brittney Griner dunks the ball in her first practise since detention in Russia, says her agentThe time of her imprisonment was unfortunate because the Russia-Ukraine war was just around the corner. Brittney Griner’s agent Lindsay Kag...
- How the Ukraine-Russia war rattled global financial marketsRecessions now look almost certain in Europe as prices of gas, critical for households and industry, more than trebled since June alone on ...
- Nike forecasts downbeat quarterly revenue on lingering China worries"We are taking a cautious approach to Greater China, given uncertainty around additional COVID disruptions," Nike Chief Financial Officer M...
- Whirlpool to exit Russia, take $300 million-$400 million hit in second quarterThe deal, which also includes Whirlpool's sales operations in Kazakhstan and other select countries in Commonwealth of Independent States (...
- Microsoft scales down Russia operations due to Ukraine crisisThe company, however, said it would fulfill its existing contractual obligations with Russian customers, while the suspension of new sales ...
- Nike follows in the footsteps of H&M & Adidas, will not renew franchise agreements in RussiaDue to operational challenges, Nike has decided to not renew or enter into new business commitments.
- Nike halts sales to retailers in RussiaThe move affects licensed retailers as Nike shuttered company-owned stores two months ago soon after Moscow sent troops into the neighborin...
- As global brands take flight, Indian retailers book tickets for RussiaHome furnishing retailer Maspar and fashion brand Killer Jeans are among the retailers exploring franchise opportunities in Russia. So far,...
- Russia contemplates 'parallel imports' after top brands halt salesRussia is considering allowing retailers to import products from abroad without the trademark owner's permission, the competition regulator...
- Ukraine war to sully clothes sales from Levi to Ralph LaurenAmerican clothes firms' European businesses were just recovering from two years of pandemic restrictions.
- Microsoft suspends sales in Russia as Western sanctions tightenSeveral major companies, including Apple Inc, Nike and Dell Technologies, have severed connections with Russia as Western nations impose bo...
- Harsh words, tough action: how companies have rebuffed RussiaOil company BP's decision to sell out of Russia at a cost of as much as $25 billion was a shock for an industry that has worked very closel...
- Diamond bracelets of King Louis XVI's wife, Marie Antoinette, fetches $8.3 mn at Geneva auctionThe bracelets feature 112 diamonds and weighs 97 grams each made with silver and gold.
- Royal jewels, NBA star Kobe Bryant's Nike shoes up for sale at Geneva auctionA diamond bracelet that once belonged to France's Marie Antoinette is one the featured items going up for auction.
- Jio ranked 5th strongest brand globally"Despite only being founded in 2016, Jio has quickly become the largest mobile network operator in India and the third largest mobile netwo...
- Emirates spends $100 million over four years to be one of FIFA's six top 'partners'Such heavy spending by an airline speaks directly to its central goal: continued international expansion, particularly in Europe and North ...
- Adidas targets teenage girls for $1.3 billion sales"Teenage girls are a target group we didn't really reach so far, whereas boys are closer connected to Adidas via sports," said Erich Stammi...
- Nike to buy Umbro for $ 582 mnUS sportswear giant Nike ventured further into the British football market on Tuesday after agreeing to buy rival Umbro, maker of the Engla...
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