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Turkey’s FLO in Talks to Take Over Reebok’s Stores in Russia

Reebok.
FLO chairman Mehmet Ziylan said a deal had not been finalised, denying a report in Russian daily Kommersant that the company had already taken over the business. (Shutterstock)

Turkish shoe retailer FLO Magazacilik is in talks to buy more than 100 stores owned by fitness brand Reebok in Russia, FLO chairman Mehmet Ziylan said on Monday, as Western companies rush to comply with sanctions over the Ukraine conflict.

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