Deal to sell Decathlon stores in Russia not yet completed – Kommersant
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The deal for the sale of Russian stores of the French network Decathlon, specializing in the production of sports goods, has not yet been completed. This is reported “RIA News” with reference to a source in the Ministry of Industry and Trade.
“The deal to buy out Decathlon has not yet been closed, the parties are in the process of negotiations,” the agency quotes the words of the interlocutor. He clarified that the opening date of the stores will be announced later. Earlier, the media wrote that the chain stores will open in Russia in October.
The manufacturer and seller of sports goods Decathlon suspended work in Russia in March 2022, explaining this by the sanctions imposed by Western countries. At the end of July 2023 at the Ministry of Industry and Trade reportedthat the network has found a buyer for all its stores in Russia, it was the Russian company ARM (owns Mango franchises)
Documents for the sale of Decathlon’s assets have been submitted to the government’s Foreign Investment Control Commission. According to the Ministry of Industry and Trade, the deal was approved. It was about the sale of 36 Decathlon facilities located in Russia – 35 stores and a warehouse.
About the format in which sports stores can open in Russia – in the material “Kommersant FM” “Decathlon waiting for the fall”.
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