What brands are included in Leroy Merlin:
Equation: Equipment for air and water treatment. Evology: Electrical equipment for home security. Lexman: Electrical goods. Standers: Metal products, products for fastening
What does the company make? Leroy Merlin:
Sale of building materials, tools, interior items. Equipment for air and water treatment. Electrical equipment for home security. Electrical goods. Metal products, products for fastening
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Who has not left the Russian market? March 16, 2022 - economic truth:
"Large retailers are also in no hurry to leave the market. We are talking about Metro (Germany), Auchan and Leroy Merlin (France). In 2020, only these three networks rescued from the Russian market 850 billion rubles (11 billion dollars).
The Leroy Merlin construction hypermarket chain has faced supply problems, but continues to operate in the Russian market. In Russia, the company has 107 hypermarkets, which serve 44 thousand employees.
Retailers do not plan to leave Russia.
First, they are very dependent on the Russian market. According to Stat Space, the share of Russian consumers in Auchan's total revenue is 11.5%, Metro - 10.1%, Leroy Merlin - 18.3%.
Secondly, these companies employ tens of thousands of workers. They motivate their decision to continue cooperation with the aggressor by "caring for ordinary people."
It is noteworthy that a large share of Russian retail is accounted for by French companies. The day before mentioned Secretary of the National Security and Defense Council Oleksiy Danilov. ”
Source
Has Leroy Merlin left the Russian market? August 2, 2022 - Yale School of Management:
A bit of background to the fact check source:
“We have a team of experts with experience in financial analysis, economics, accounting, strategy, management, geopolitics and Eurasian affairs, fluent in ten languages, including Russian, Ukrainian, German, French, Italian, Spanish, Chinese, Hindi, Polish and in English, collecting this unique set of data from open sources such as government regulatory documents, tax documents, company reports, financial analysts' reports, Bloomberg, FactSet, MSCI, S&P Capital IQ, Thomson Reuters and business media from 166 countries; as well as non-public sources, including a global wiki-style network with more than 250 company insiders, informants and management contacts. ”
Company status Leroy Merlin according to the analysis: continue sales in Russia
Source
March 24, 2023 - RBC:
The owner will transfer the Russian business management:
"The owner of Leroy Merlin will hand over business management in Russia to local management. The company assured that it will not affect work. There is no question of a sale, but Leroy Merlin may change its name in Russia, experts do not rule it out"
Source
National Agency for the Prevention of Corruption:
The company was added to the list of companies - international sponsors of the war:
Statement of NAZK: "French company, one of the largest European DIY retailers. Founded in 1923, it is part of the Adeo group, which belongs to the "Mulier Family Association". The company entered the Russian market as a subsidiary of Leroy Merlin Vostok in 2004, has the largest network of DIY stores and is the leader in terms of "revenue per square meter of retail space."
Leroy Merlin Vostok is a system-forming enterprise of the Russian Federation that provides a high revenue part of the budget of the Russian Federation and a significant source of income for the Russian government, by which it supports actions aimed at violent change, the overthrow of the constitutional order, the seizure of state power, changes in the borders of the territory or the state border of Ukraine, encroachment on the territorial integrity and inviolability of Ukraine, thereby undermining democratic processes and institutions in Ukraine, threatening its peace, stability, security, sovereignty and independence. Revenue for 2021 amounted to 456.6 billion rubles. On March 11, Leroy Merlin announced that it does not plan to reduce its operations in Russia, where it operates 143 stores. On March 17, they disconnected the Ukrainian office from corporate communications and announced that they would increase supplies to the Russian Federation."
Addendum: under pressure from European partners, in March 2024, Ukraine removed the list of international war sponsors. But the screens do not burn and we fixed it
Source
February 20, 2024 - kse institute:
Most of the imports of Leroy Merlin Vostok to Russia in 2023 fell to ADEO:
On March 24, 2023, ADEO announces its intention to transfer control of Leroy Merlin Russia to local management. The company Scenari Holding, as it is known in the United Arab Emirates, has become the main owner of "Leroy Merlin Vostok", a Russian structure of a chain of stores, according to the data of EGRUL. 12.2023: The record about the founder of JSC "BRICOLAJ INVESTISMAN FRANCE" was deleted from EGRUL. COMMANDITNE TOVARISCHEVO SENARA HOLDING LP (UAE) becomes the new founder of the organization. 19.12.2023: The status of the legal entity was changed to "The legal entity is in the process of reorganization in the form of joining it with other legal entities."
In the course of a detailed investigation, it turned out that the company signed a technical agreement on the alleged sale of the main business in Russia (SCENARI HOLDING LP from the UAE), but the CEO remained the same since 2019 (Defassier Laurent, Louis, Claude), the company is signing new contracts with the group and authorities of the Russian Federation (including the Ministry of Defense and the Ministry of Internal Affairs), trademarks and trade marks have been extended in Rospatent until 2031. In addition, as the L'Express investigation showed, the company SCENARI HOLDING LP has the same CEO as in Russia - Laurent Defassier, so the company used a tax optimization scheme, also called layering. ADEO also accounted for most of Leroy Merlin Vostok imports to Russia in 2023."
Source
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Brands: Equation, Evology, Lexman, Standers
and then