French retail giant Auchan denies plans to open new stores in Russia.
French retail giant Auchan denies opening new stores in the Russia (Photo:TverezoInfo/Twitter)
Auchan Retail has denied reports that it intends to open new stores in Russia, according to a statement the company published on March 12.
"Following the publication by Reuters of false information that has now been taken up by several European media, Auchan categorically denies the opening of a new shop in Russia," the company said.
Auchan claims that it is not opening new retail space in Russia and has no plans to increase the number of stores in the country.
"This ‘information’ does not appear anywhere in the communications or strategic plans of Auchan Russia or Auchan Retail," the company’s statement reads.
The French retailer stressed that Auchan Retail has ceased all investments in its Russian subsidiary and complies with the terms of the current embargo and sanctions, acting exclusively within the framework of law.
Earlier, NV reported that Auchan planned to open a new store in Russia.
Before that, on Feb. 23, Ukraine’s National Agency on Corruption Prevention declared French corporation Auchan Holding an international sponsor of war.
The corporation was added to the list as it has refused to stop financing the terrorist state since the beginning of Russia’s full-scale invasion of Ukraine and continues to operate in Russia.
Moreover, the Russian division of France’s Auchan supermarket chain has been supplying goods to Russian invasion forces in Ukraine since the start of the full-scale war, according to a joint investigative report by Insider, Le Monde, and Bellingcat.
Journalists noted that the supplies to the military were marked as “humanitarian aid.”
The investigation also found that in addition to supplying goods, Auchan helped military enlistment offices mobilize conscripts from its stores.
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