Flo Retailing and Azadea Group may buy Decathlon's Russian business
31.05.2023 2641

Flo Retailing and Azadea Group may buy Decathlon's Russian business

The Turkish company Flo Retailing and the Lebanese Azadea Group plan to buy the business of the French network of sporting goods Decathlon in Russia, Vedomosti writes, citing information from retail real estate consultants.

The option of buying out the Russian network and restarting all Decathlon stores on a franchising model is being considered, it is also possible that some of the retail outlets of the existing network will be closed.

Potential buyers are actively negotiating with the Decathlon-owning Mullier family, which also has Leroy Merlin and Auchan among its assets. Currently, according to IBC Real Estate, Decathlon owns 26 properties with a total area of ​​more than 150 sq. meters, including 000 hypermarkets and one warehouse.

Turkish fashion concern Flo Retailing, whose assets include factories for the production of clothing and footwear, a distribution business with a portfolio of major international brands and retail chains Flo, Sport in Street, Reno, the Russian network SneakerBox (formerly Reebok stores), operates in 21 countries .

The Lebanese Azadea Group is owned by the Daher Group, owns the world's largest shopping mall, Dubai Mall, and franchises over 40 international brands, including Decathlon, Adidas, Deichmann, Calzedonia, Mango and others. The group's retail network includes about 600 stores, it is present in 13 countries of the world.

The Turkish company Flo Retailing and the Lebanese Azadea Group plan to buy the business of the French network of sporting goods Decathlon in Russia, Vedomosti writes, citing information from consultants on…
3.3
5
1
1
Rating

Latest News

Bally is closing one of its production facilities in Italy

Swiss luxury shoe and bag brand Bally is in deep crisis. A month ago, it announced a restructuring at the brand's headquarters in Switzerland and the layoff of 65 employees. Today, the Swiss brand announced its intention to…
09.12.2024 53

JSC Ralf Ringer declared bankrupt

The Moscow Arbitration Court has declared the head office of the Russian shoe manufacturer Ralf Ringer bankrupt, and bankruptcy proceedings have been launched. The reason for launching the process was an appeal to the court by the company Stivali, from which Ralf Ringer rents…
09.12.2024 138

The French are summing up the results of the annual “Discount for repairs” campaign

On November 7, 2023, France launched the “Repair Discount” program to stimulate shoe and clothing repairs. According to the environmental organization Refashion, a year later, about 826 professional repairers have taken advantage of the proposed system. The popularity…
06.12.2024 251

Clarks and Pokémon Continue Collaboration with New Collection

The 4 shoe models in the Clarks x Pokémon collection correspond to 4 characters from the superhero adventure film Endgame, based on the Marvel Studios characters - Venusaur, Charizard, Blastoise and…
06.12.2024 289

Lacoste has released a collaboration with Maison Château Rouge

At the end of the year, French fashion brand Lacoste released a collaboration with Maison Château Rouge, a Parisian brand founded by the “ultra-creative African diaspora,” writes…
05.12.2024 1464
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning