Decathlon stores have been closed in the country since June
© Sputnik / Kirill Kallinikov
French sportswear retailer Decathlon is currently searching for buyers for its Russian assets, RBK business daily reported on Wednesday, citing unnamed sources linked to the country’s large retail chains and consulting companies.
Decathlon, which is owned by French retail giant Association Familiale Mulliez, suspended the delivery of goods to the Russian market in late March after the EU imposed Ukraine-related sanctions on Moscow. At the end of June, all its outlets across the country, including the online store, were shut down.
Decathlon’s parent company became a rare example of a major Western company opting to keep running its business in Russia after Moscow launched its military operation in Ukraine. Its supermarket chain Auchan, which is said to have 41,000 employees and 311 stores in the country, is still operating despite sanctions and criticism in the West.
The company is seeking to sell its entire business in Russia, sources told the media, adding that the sportswear retailer is ready to separately sell its commercial property, which includes 20 buildings with a total area of 91,000 square meters. The firm also owns offices and warehouse spaces, and there are undeveloped land plots next to some of its hypermarkets.
Decathlon’s business in Russia may be worth up to 15 billion rubles (€200 million), according to market research firm Infoline data, as cited by RBK.