Adidas mulls selling Russian business – Kommersant  ...News

The company has faced losses since halting operations in the country German sportswear giant Adidas could transfer its business in Russia to an alternative foreign investor, Kommersant reported on Tuesday, citing sources.   The move would allow around 100 of Adidas’ most profitable Russian stores to be relaunched, the news outlet said.    Like numerous other global companies, Adidas suspended operations in Russia and closed retail outlets and online stores in March 2022, following the start of Russia’s military operation in Ukraine. The German giant announced in October that it had decided to permanently wind down

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