All articles tagged with #auchan
Russia’s Kremlin has ordered the seizure of Nestlé and Auchan’s Russian operations, transferring their assets to the state in a move underscoring heightened government control of foreign businesses under President Vladimir Putin and potentially impacting supply chains and consumers.
Russia placed Nestlé and Auchan's Russian operations under temporary administration and transferred stakes to AO L.E.V. Menedzhment, arguing that the European-origin firms are “unfriendly” due to Western military support for Ukraine; Bloomberg calls it the largest foreign asset takeover in Russia since 2024, affecting Nestlé’s six plants with over 7,000 employees and Auchan’s 230 stores, while both companies seek to defend their rights and ensure continuity.