Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

OBI GmbH & Co. Deutschland KG is a German multinational home improvement supplies retailing company. It is headquartered in Wermelskirchen and operates 668 stores in Europe, of which 351 are in Germany.

 
 
 
 
 

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed
Germany
Consumer Goods & Clothing

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
444
Assets(RF), mln.USD
506
Capital(RF), mln.USD
117
Staff(RF), 2021
4900
Taxes(RF), mln.USD
2

04.2023: The record about the founder of MODUL-2 LLC has been removed. ALLONGE JSC becomes the new founder of the organization. German retailer OBI is challenging the use of the brand in Russia in court.

The Company Statement
June 27, 2023

Exit Russian market completely. LLC was sold to a local legal entity. The first hypermarket of the German DIY chain OBI will open in Myakinino near Moscow on the site of the burnt-out Sindika market.

Open the Statement
Statements Archive
November 14, 2023German retailer OBI is challenging the use of the brand in Russia in court
February 16, 2023Letter sent by B4Ukraine to the company and the response provided
February 13, 2023A businessman close to Kadyrov "captured" shares in OBI and Starbucks that left Russia
July 30, 2022OBI closes deal to sell Russian business for one euro
March 17, 2022OBI "permanently" shuts down business in Russia
March 08, 2022OBI hardware stores close in Russia due to war
March 08, 2022OBI, a chain of building goods stores, announced its withdrawal from Russia
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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