Decathlon stores will open before the end of the year – Kommersant
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Decathlon stores should open before the end of the year after being sold to a new owner, said Deputy Head of the Ministry of Industry and Trade Viktor Evtukhov. He recalled that the deal has already been approved by a government commission.
“The Decathlon deal was approved by a government commission several months ago, a mandatory contribution to the budget has already been paid, and I think that stores will open by the end of this year,” the deputy minister said in an interview with Rossiya 24 (quoted by TASS).
He also clarified that there are no buyers for Adidas assets in Russia yet. “Adidas has not yet presented us with its buyer,” added Mr. Evtukhov.
Sporting goods manufacturer and retailer Decathlon suspended operations in Russia in March 2022. At the end of July 2023, the Ministry of Industry and Trade reportedthat the chain has found a buyer for all its stores in Russia, the Russian company ARM (owns Mango franchises). It was about the sale of 36 Decathlon facilities located in Russia – 35 stores and a warehouse.
Read about the format in which sports stores can open
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