With Decathlon, it is still in excellent shape, even in Russia, at a time when most Western groups have stopped doing business with the country since the start of the war in Ukraine. This is what a media investigation reveals Disclosedpublished December 19, 2023.
1.2 million Decathlon products will be sold in Russia for 12 million dollars
Officially, the French equipment manufacturer announced the end of its operations in Russia on March 29, 2022, effective October 2023, marking the sale of its 60 stores to local buyer Desport.
However, the French multinational of the Mulliez family (Auchan, Boulanger, Flunch, Leroy Merlin, Pimkie, Brice, Jules, Rouge Gorge Lingerie, Kiabi) continues to supply the Russian market with products bearing the logos of its flagship brands. And this, thanks to a supply contract for 1.2 million products to be sold that would have earned Decathlon at least $12 million.
All this through” a shell company based in Dubai and a subsidiary of the brand based in the tax haven of Singapore “, relationships Disclosed. A way to circumvent the sanctions imposed by the European Union against Russia?
The media has collected internal company documents, open source videos and testimonies from former employees who talk in particular about the banning of the word “ Russia » prefer code name “ Sport_R “.
Listen to Apéro des Daronnes, Madmoizelle’s show that aims to break down taboos on parenting.
Source: Madmoizelle
Mary Crossley is an author at “The Fashion Vibes”. She is a seasoned journalist who is dedicated to delivering the latest news to her readers. With a keen sense of what’s important, Mary covers a wide range of topics, from politics to lifestyle and everything in between.
