Adidas has completed the purchase of a new warehouse outside Moscow at a price estimated by local sources at between $70 million and $100 million. Located in a warehousing complex where it has been renting more than 65,000 square meters of space since 2012, the new warehouse is nearly double the size with a space of 120,000 m². The price is said to be relatively favorable because of the low value of the ruble and the local property market.

Topics