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Kommersant: Leroy Merlin sells all its warehouse space in Russia

April 24, 2023
in Daily News
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The French company Leroy Merlin is selling all its warehouse space in Russia by entering into a lease agreement with new owners. According to Kommersant, we are talking about 270 thousand square meters. m in the Moscow region. The cost of the premises is about 12 billion rubles.

According to the publication, at least two companies claim to purchase warehouses - Central Properties and Ventall-Development.

In March, Leroy Merlin announced that it was leaving Russia after 18 years of operation. The owner of the network decided to transfer the Russian business to the local top management. This came a month after the investigation by The Insider and Le Monde that the Russian Auchan and Leroy Merlin, belonging to the same holding, had been supplying goods to the Russian military in the occupied territories from the very beginning of the full-scale invasion of Ukraine.

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