Major global brands, including McDonald's Corp, PepsiCo Inc. and the Estee Lauder Cos Inc. should consider pausing their operations in Russia, New York state's pension fund chief wrote in letters to several companies on Friday.
Nike products appear on display at the SIX:02 shop inside Foot Locker's redesigned Manhattan flagship store in New York.
The letters from New York State Comptroller Thomas DiNapoli urged companies to review their businesses in Russia because they face "significant and growing legal, compliance, operational, human rights and personnel, and reputational risks," wrote DiNapoli, who oversees the state's roughly $280 billion pension fund, which owns shares of the companies.
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