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Helly Hansen, which sells outerwear and luggage, operates 41 retail locations across Russia and employs more than 300 people in the country.
Fashion outlet H&M, Nike (NYSE:NKE) and Netflix Inc (NASDAQ:NFLX) are among the brands that have cut or paused operations in Russia after several governments hit Moscow with severe sanctions.
Canadian Tire said Helly Hansen store employees will continue to be paid and supported during the temporary pause in operations.
The company also plans to meet its commercial obligations, it said in a statement.
