FLO Retailing and Daher Group are negotiating the purchase of Russian Adidas stores
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Negotiations on the purchase of the Russian network Adidas with a German company are conducted by the Turkish network FLO Retailing and the Middle East Daher Group, two sources among real estate consultants told Vedomosti. Negotiations are at an advanced stage, with most of the candidates eliminated, and the deal is expected to close by autumn. The process of curtailing the Russian business of the company is now continuing, as it was announced in October 2022, a representative of the parent company Adidas specified to Vedomosti. He did not deny the information that the company is looking for a buyer and is negotiating with FLO Retailing and Daher Group. “The priority for Adidas now is to take ownership of the process and support the employees and partners affected by this decision,” he added.
Inquiries to FLO Retailing and Daher Group went unanswered.
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