The German sports equipment manufacturer Puma announced on Saturday the temporary closure of all its stores in Russia, after other clothing brands such as the Spanish Inditex, owner of Zara.
The group from Herzogenaurach, Bavaria, "
has decided to temporarily suspend the operation of all its stores in Russia
", according to a press release.
The cougar brand now has "
more than 100 outlets
" in Russia, according to a spokeswoman.
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Its turnover there represents “
less than 4% of the
consolidated total”, which amounted to 6.8 billion euros in 2021. The thousand employees employed in Russia will continue to receive “
the full amount of their salaries
“, added this source.
Following the decision of the Executive Board of the International Olympic Committee (IOC) to recommend the exclusion of Russian athletes from international competitions, Puma also announced on Thursday that it “suspends its contract with the Russian Basketball Federation with immediate effect ".
Its main competitor, also located in Herzogenaurach, Adidas, has not yet communicated a decision concerning its Russian activities, which it has been developing since the 1980s.
"
We are observing the situation carefully" and "prioritizing the safety of our employees
," said a spokesperson earlier this week.
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