Via a presidential decree on September 17, Vladimir Putin placed the Russian subsidiaries of Auchan, Leroy Merlin (now Lemana Pro), Nestlé and logistics provider FM Logistic under temporary administration. A hard blow for these companies, who were trying to maintain their activities via legally autonomous structures.
In January 2025, Auchan Retail stopped a takeover process with gas giant Gazprombank and chose to remain active in Russia, betting on a swift resolution of the Ukrainian conflict driven by Donald Trump. On September 17, 2026, following a presidential decree (ukase 661), the company’s local assets were transferred to LEV Management, a shell company created at the end of 2024 with a capital of €150.
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Article authors
Sophie Baqué
Chief Editor of mind Retail