EXCLUSIVE Nike to fully exit Russia, will scale down over coming months
U.S. sportswear maker Nike (NKE.N) is making a full exit from Russia, three months after suspending its operations there, the company said in an emailed statement Thursday.
Microsoft cuts Russia operations due to Ukraine invasion – Bloomberg News
Microsoft Corp (MSFT.O) is substantially cutting its business in Russia in response to Moscow’s invasion of Ukraine, Bloomberg News reported on Wednesday.
The covid outbreak has harmed Nike’s production!
Manufacturing at several of Nike’s main operations in Vietnam has been impacted as Covid has expanded across locations. The company declined to comment on whether the outbreak could lead to a shortage of shop inventory.About half of Nike’s shoes were created in Vietnam in the previous fiscal year, causing supply chain challenges for the corporation. […]
Analysis: Chinese flock to home-grown brands in golden opportunity for investors
He Shuang, a student at a U.S. university stranded in her home city of Chongqing in southwest China during the pandemic, has added more than 300 domestic brands to her list of favourites on Alibaba’s (9988.HK) Taobao online mall.
