Leroy Merlin is outlining plans for new store openings in Russia following a change in ownership to local authorities. This development was communicated to reporters by a senior official from the Russian Ministry of Industry and Trade. The ministry has indicated it will support the business transfer process, ensuring a smooth transition for the retailer and its network of branches. The information points to a continued commitment to local operations and the potential for growth despite the ownership change. [Source note withheld per policy guidelines].
The parent group Adeo, which owns the chain, previously indicated that the French retail conglomerate intends to sell all of its stores in Russia. The statement describes a long presence in the market spanning more than 18 years and confirms the transfer to local governance. It also confirms that the employment of about 45,000 associates will persist under the new ownership structure. [Attribution withheld].
Earlier reporting from European financial authorities discussed Raiffeisen Bank regarding its position in Russia. The most recent understandings show a stance that does not demand an immediate withdrawal. Instead, the focus is on executing an action plan to gradually reduce the bank’s activities in the Russian Federation. This approach could include selling or closing the local division as part of a strategic exit, should business conditions and regulatory guidance align. [Cited sources: ECB coverage].
Analysts note that the situation reflects broader strategic moves by foreign retailers in Russia, where ownership changes are paired with government-led oversight and workforce continuity promises. Observers emphasize the importance of clear transition plans, ongoing regulatory dialogue, and the preservation of employment levels during the shift. The discussion also underscores how central banks and financial authorities may influence corporate retreat or realignment within international markets. [Industry commentary].
In the context of the market, stakeholders watch how regulatory bodies coordinate with multinational entities to safeguard employee interests while navigating geopolitical and economic considerations. The evolving narrative highlights the delicate balance between corporate strategy, government involvement, and the stability of the retail landscape in Russia. [Market analysis notes].