Nestlé, Auchan and Leroy Merlin’s Russian companies pass to Moscow

European companies in Russia’s sights. The Russian operations of Nestlé, Auchan and Leroy Merlin have come under the temporary administration of Lev Management, a small joint-stock company established less than two years ago.

The reason for the temporary administration is that the companies come from countries hostile to Moscow.
The decree was signed by Russian President Vladimir Putin. Under the provision, the temporary administrator exercises the company’s management powers but cannot dispose of the property. In other words, the multinationals lose effective control of their operations.

Rights to be protected

Nestlé’s assets in Russia account for 2% of the Swiss group’s turnover, approximately 2 billion dollars, and involve 7 thousand employees.
Nestlé announced that it had adopted “all the necessary measures to protect its rights in Russia and ensure business continuity”.
The Swiss company operated 6 plants producing coffee, confectionery, baby food and animal feed.

Russian GDO

Auchan, the brand owned by the French Mulliez family, also owns a supermarket chain with 30 thousand employees and 230 outlets.
In the past, Auchan had stated that its operations in Russia and Ukraine accounted for approximately 10% of the group’s turnover.

Le Monlid, the company that manages the Lemana Pro chain, the former Leroy Merlin, is also under temporary administration, as is FM Logistic, another French company offering storage and transport services for large-scale retail.

Other articles:
Auchan leaves Russia after two and a half years of war

This article was translated from the original Italian version with the assistance of artificial intelligence. In case of discrepancies, please refer to the original Italian version.