Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
Decathlon S.A. (Décathlon) is a French sporting goods retailer. With over 1,697 stores in 60 countries and regions, it is the largest sporting goods retailer in the world.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedThe government commission approved the deal to sell the Russian business of Decathlon. The Ministry of Industry and Trade announced the approval by the government commission of the transaction for the sale of Decathlon assets. Decathlon has closed down but still supply sport stuff.
Suspend the operation of its stores in Russia. Vedomosti learned about the plans of the owner of Reebok in Russia to buy out Decathlon. Turkish FLO Retailing and Lebanese Azadea Group are negotiating the purchase of assets of the French chain Decathlon in Russia. New buyer was found for asset purchase, Russian company ARM, which owns, in particular, the Mango franchise. Decathlon stores will open by the end of this year after the sale to the new owner is completed, the asset sale transaction has already been approved by the government commission. 02.10.2023: ARM LLC becomes the new founder of the organization. The entry about the founder of the EUROPEAN SOCIETY "DECATHLON" has been removed from the Unified State Register of Legal Entities. Formally the company sold its business but continues to work through intermediaries, and earned $ 12 million. Also, the new chain of sports stores Desport has received a noticeable amount of excess retail space in Russia and is trying to fill it by leasing it to players in related sectors – fitness clubs, sports schools and sellers of related products. Despite sale of local company Decathlon keeps doing business in Russia, using UAE to import goods in Russia. Desport returns Decathlon goods to Russian store shelves.