HomeEconomyLeroy Merlin announces that it wants to sell all its stores in...

Leroy Merlin announces that it wants to sell all its stores in Russia

Leroy Merlin’s parent company said it wanted to “hand over control” of the company in Russia, its second-biggest market after France.

French Leroy Merlin, a giant in the sale of DIY equipment and one of the main foreign employers in Russia, announced Friday that it wanted to sell all its stores in this country to “local managers”, more than a year after the start. of the conflict in Ukraine.

Adeo, the parent company of Leroy Merlin, has indicated “its intention to cede control” of the company, established for 18 years in Russia, its second market after France. This operation “should make it possible to preserve the jobs of the 45,000 employees and perpetuate the activity of the company,” argues the French group, owned by the Mulliez family, in a press release.

>> More information to come on BFM Business in a few moments. Also find live videos of BFM Business and Follow us on Twitter.

Author: LP with AFP
Source: BFM TV

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