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French retailer Auchan says it plans to stay in Russia, Ukraine calls for boycott

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Economy4 hours ago (Mar 27, 2022 09: 45AM ET)

© Reuters. FILE PHOTO: The emblem of Auchan supermarket is pictured in Saint-Sebastien-sur-Loire advance Nantes, France, February 1, 2022. REUTERS/Stephane Mahe/File Photo

PARIS (Reuters) – Privately-owned French retailer Auchan plans to retain its presence in Russia, its CEO acknowledged in an interview revealed within the French newspaper Journal du Dimanche on Sunday, prompting Ukraine to demand a boycott of the worldwide chain.

Auchan, which has spherical 30,000 group, 231 retail outlets and e-commerce actions in Russia, has already been criticised by Ukrainian President Volodymyr Zelenskiy for ideal operational in Russia after the invasion of Ukraine.

Within the interview revealed on Sunday, Auchan’s chief government Yves Claude acknowledged he feared the firm risked losing assets or exposing local managers to doable suitable troubles if it pulled out of Russia.

The firm would also remain in Ukraine, Claude acknowledged, the keep its 43 supermarkets and spherical 6,000 group, at the side of in areas hit by the war, were working beneath “coarse prerequisites”.

“The largest in our eyes is to retain our employees and be determined our predominant mission, which is to proceed feeding the populations of these two worldwide locations,” Claude acknowledged.

Responding to the document, Ukraine’s international minister called for a boycott of Auchan and all of its merchandise.

“It looks, job losses in Russia are more predominant than the inability of lifestyles in Ukraine,” Dmytro Kuleba acknowledged on Twitter (NYSE:).

Ukrainian President Zelenskiy has acknowledged it became predominant that every Western corporations dash away the Russian market and mark no longer duvet their “thirst for profit” through “cheap” communication, explicitly citing Auchan and Swiss food big Nestle.

The firm generated 3.2 billion euros in sales in Russia final One year, spherical 10% of its global sales, and expects losses this One year in that market.

Moscow says the needs for what Putin calls a “particular navy operation” consist of demilitarising and “denazifying” its neighbour. Ukraine and its Western allies calls this a pretext for an unprovoked invasion.

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