Adeo, the owner of the Leroy Merlin chain of stores, announced the continuation of business in Russia, which became known on Wednesday, March 23.
“The decision to keep our business in Russia is not an easy one. We have no reason to condemn our Russian teams, ”the channel’s portal cites the explanation of Adeo. BFM.
The share of Adeo in the Russian Federation takes the second place after France, bringing 18% of the total profit. The company emphasizes that they bear “the employer’s responsibility to 45,000 employees and their families who have contributed to building the common cause of Leroy Merlin Russia over the past 18 years.”
On March 11, the construction hypermarket Leroy Merlin announced that it was considering the possibility of expanding the range and increasing the number of deliveries of products in Russia. Also, the hypermarket will refuse to fine partners for underdeliveries. Leroy Merlin said it will reduce the turnaround time for requests to change purchase prices to three or five days.
A number of foreign companies have previously announced their withdrawal from the Russian market. The suspension of work in Russia was announced by the Heineken brewing concern, the Starbucks coffee chain, the brands Zara, Pull & Bear, Massimo Dutti, and the Swedish company IKEA.
On March 10, the American company Mars decided to suspend all its advertising campaigns in the Russian Federation and Belarus, and also temporarily abandoned investments in Russia. Prior to this, the American corporation Yum! Brands, operating in the catering industry, has also suspended investment and development in the Russian Federation.
Foreign companies are suspending cooperation with the Russian Federation against the backdrop of Western sanctions that were introduced after Moscow launched an operation to protect civilians in the Donbass on February 24.
A few days earlier, the situation in the region had escalated due to shelling by the Ukrainian military. The authorities of the Donetsk and Lugansk People’s Republics announced the evacuation of residents to Russia, and also turned to Moscow for help. On February 21, Russian President Vladimir Putin signed a decree recognizing the independence of the DNR and LNR.
For more up-to-date videos and details about the situation in Donbass, watch the Izvestia TV channel.
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