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Recent Articles

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Michelin to sell Russian operations by end of year, transfer control to local administration; Michelin employs about 1,000 people in Russia, including 750 at Dayydovo, Russia, plant that makes 1.5- to 2-million tires annually for domestic market

Nokian announces controlled exit from Russian market due to Ukraine war sanctions; Nokia had Russian assets totaling €400M in 2021, 1,600 Russian employees, produced 80% of passenger tires in the country in 2021

Nike to make full exit from Russian market after suspending operations at beginning of March; closed stores will not reopen, website and mobile app will no longer be available in the region

Rapid delivery company Jokr to end its US operations in Boston, New York City, explores closure or sale of its micro-fulfillment centers; company plans to instead focus on Latin America, which CEO says is an 'underpenetrated and underserved' market

US rapid delivery player GoPuff has discounted nearly 30% of orders as of April, while Getir has discounted over 80% of its orders in countries including Germany, France; news comes as rapid delivery startups are shuttering, leaving markets: YipitData

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