Reducing Activities: company scaling back some business operations while continuing others
Wait Scaling Back
Adidas AG is a German multinational corporation, that designs and manufactures shoes, clothing and accessories. It is the largest sportswear manufacturer in Europe.
Reducing Activities: company scaling back some business operations while continuing others
Wait Scaling BackGlobal 500, is an annual ranking of the top 500 corporations worldwide
Global 500Top 100 largest companies in Russia by revenue
Top 100The arbitration imposed an arrest on the funds belonging to LLC "Adidas" "and on any other property within the limits of the price of the claim" in the amount of 3.5 billion rubles. Updated Adidas stores may open in Russia in the spring of 2024 under a new name. The rights to sublease retail spaces have been acquired by a structure owned by 'Stockmann' and Lamoda owner Yakov Panchenko.
Suspends retail and e-commerce operations in Russia. Adidas said it would suspend sales in Russia, cutting 1 percent of expected revenue growth this year. The company has about 500 stores in Russia and the countries of the former USSR. Adidas announced closing its stores in Russia shortly after the invasion in 2022. The customs records indeed show that shipments of Adidas products stopped as well. However, the shipments have resumed in October of 2022 and by value have easily exceeded pre-invasion levels.
| November 02, 2023 | Restart of Adidas stores in Russia may happen in the spring 2024 |
| October 13, 2023 | A court in Moscow arrested the property of the Russian subsidiary of Adidas for 3.5 billion rubles |
| June 21, 2023 | Adidas and Puma Exports into Russia |
| May 02, 2023 | Adidas is leaving the Russian track: German sports brand may sell business in the country |
| October 14, 2022 | Companies Are Getting Out of Russia, Sometimes at a Cost |
| September 12, 2022 | How Western brands 'left' Russia | Life in Russia after sanctions | New McDonald's & Starbucks |
| August 25, 2022 | Companies Are Getting Out of Russia, Sometimes at a Cost |
| May 24, 2022 | Adidas suspended work in Russia |
| March 09, 2022 | OUTLOOK FOR 2022 |
| March 08, 2022 | Adidas Closes Its Stores in Russia |
| March 07, 2022 | Adidas will suspend work in Russia |
| March 01, 2022 | Adidas will suspend cooperation with Russian football |
| February 02, 2022 | Adidas suspends kit deal with Russian FA |