Adeo
ADEO is a French retail group focused on home improvement and DIY goods. It serves as the parent company of the Leroy Merlin chain of home improvement and DIY stores. The group is headquartered in France and operates stores across Europe and beyond. Following Russia's full-scale invasion of Ukraine, ADEO announced it would hand over control of its Russian operations to local management.
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Putin decree places Auchan, Nestle and former Leroy Merlin assets in Russia under new management
President Vladimir Putin signed a decree dated September 17 placing the Russian assets of Auchan, Nestle, and the former Leroy Merlin chain under the management of a Moscow-registered company with no prior commercial activity. The assets were transferred to "L.E.V. Management," registered in October 2024, whose general director is Andriy Krayushin and whose beneficial owners have not been disclosed. The decree extends a pattern of accelerated nationalization of foreign-owned businesses in Russia.