Leroy Merlin
Leroy Merlin is a French home improvement and DIY retail chain founded in 1923 by the Mulliez family. Its headquarters are in Lezennes, France, and it is part of the ADEO group, owned by the Mulliez family. The company operates stores across Europe, Asia and South America. Following Russia's full-scale invasion of Ukraine, Leroy Merlin announced it was transferring its Russian business to local management, and in 2024 its Russian assets were handed over to a new company.
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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.