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Nestlé, Auchan, and Lemana Pro assets placed under Russian management
Russian President Vladimir Putin has signed a decree placing the Russian assets of Nestlé, Auchan, and Lemana Pro (formerly Leroy Merlin) under temporary external management. The management of these entities will be handled by L. E. V. Management, a Moscow-based company established in 2024.
While the foreign corporations formally retain ownership of their holdings, they have lost operational control and the ability to make key business decisions. For Nestlé, the decree specifically affects Nestlé Russia and Nestlé Kuban. The company operates six production sites in Russia, producing goods such as baby food, coffee, and pet food. Analysts estimate the value of Nestlé’s Russian business to be between 1.5 and 1.7 billion Swiss francs, though the market in Russia accounts for only approximately 1 to 2 percent of the group's total global turnover.
Nestlé has stated it is assessing all available options to protect its rights and ensure business continuity for its employees and stakeholders. This move follows a pattern of Moscow seizing control of assets belonging to companies from countries deemed ‘unfriendly,’ similar to previous actions taken against Danone and Carlsberg.
Entities
Auchan · L. E. V. Management · Lemana Pro · Leroy Merlin · Nestlé · Vladimir Putin
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 8 SOURCES] The assets of the French retailer Auchan are placed under temporary management. www.wiadomoscihandlowe.pl · information.tv5monde.com · www.finanzen.net · www.actualno.com · finanse.wp.pl · +3 more
- [● 8 SOURCES] Russia accounts for approximately 2 percent of Nestlé's total turnover. www.finanzen.net · www.diebewertung.de · www.vol.at · www.bilanz.ch · www.cash.ch · +2 more
- [● 11 SOURCES] The assets of Auchan and Lemana Pro (formerly Leroy Merlin) are transferred to L. E. V. Management. information.tv5monde.com · www.politiquematin.fr · www.wiadomoscihandlowe.pl · www.actualno.com · www.iltalehti.fi · +6 more
- [● 13 SOURCES] Nestlé is assessing options to protect its rights and ensure business continuity in Russia. information.tv5monde.com · www.bilanz.ch · www.politiquematin.fr · www.cash.ch · clubz.bg · +8 more
- [● 15 SOURCES] Nestlé remains the owner of its Russian holdings but can no longer determine their management. www.finanzen.net · www.diebewertung.de · www.vol.at · www.bilanz.ch · www.dayitalianews.com · +9 more
- [● 18 SOURCES] Vladimir Putin signed a decree placing several foreign assets under temporary Russian management. www.wiadomoscihandlowe.pl · information.tv5monde.com · www.finanzen.net · www.diebewertung.de · www.vol.at · +12 more
- [● 19 SOURCES] The assets of Nestlé Russia and Nestlé Kuban are transferred to L. E. V. Management. www.finanzen.net · www.bilanz.ch · www.diebewertung.de · www.vol.at · www.politiquematin.fr · +13 more
- [● 11 SOURCES] The assets of Lemana Pro, formerly Leroy Merlin, are transferred to L. E. V. Management. information.tv5monde.com · www.finanzen.net · www.wiadomoscihandlowe.pl · www.actualno.com · finanse.wp.pl · +6 more
- [● 16 SOURCES] The assets of Nestlé, Auchan, and Lemana Pro (formerly Leroy Merlin) are transferred to L. E. V. Management. www.diebewertung.de · www.vol.at · www.wiadomoscihandlowe.pl · www.actualno.com · finanse.wp.pl · +11 more
- [● 3 SOURCES] The Russian business of Nestlé is valued at approximately 1.5 to 1.7 billion Swiss francs. www.bilanz.ch · www.cash.ch · www.finanzen.ch