Adidas AG halted sales in Russia, following other athletic-wear makers like Puma SE and Nike Inc. in response to the country’s invasion of Ukraine.
The German sports company said Tuesday it was suspending the operations of its stores and e-commerce site in Russia and stands “in solidarity with those calling for peace.” Adidas, in a separate move, replaced the head of its Chinese operations after the business struggled in the past year amid consumer boycotts and increased competition from local rivals.
