The Ministry of Industry and Trade announced Leroy Merlin plans to open new stores in Russia
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Deputy Minister of Industry and Trade of the Russian Federation Viktor Evtukhov said that the Leroy Merlin retail chain, owned by the French company Adeo, plans to open new stores after the transfer of assets to Russian management. Mr. Yevtukhov added that the network will keep all the staff.
“We are aware of the situation with Leroy Merlin, we are in touch with the company. We note that the owner (French group Adeo) made a civilized and reasonable decision to transfer assets in Russia to local management. We will follow the events and help Russian managers in resolving all emerging issues,” Viktor Evtukhov told reporters (quoted by TASS).
According to him, the Russian representative office of Leroy Merlin has “good performance” and effective management.
Adeo announced the decision to transfer Russian assets to local management today, March 24. The company said that the withdrawal process was launched several months ago, and since the start of the special operation, Adeo has suspended new investments in the country. A representative of Leroy Merlin in the Russian Federation told Kommersant that so far no changes are planned in the operation of the network, since Adeo has only announced its decision.
Leroy Merlin has been working in Russia since 2004. In Russia, the Leroy Merlin network consists of more than 100 hypermarkets in 62 cities. In March 2022, after the start of the special operation, the company spoke of its intention to continue working in the Russian Federation.
More about the Adeo solution – in the material “Kommersant” “Leroy Merlin started a renovation”
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