Decathlon announces complete withdrawal from the Russian market

Shuhua Sports Co., Ltd.
Decathlon British Columbia
Decathlon British Columbia

Since October 2023, no longer operates any stores, employs any staff, nor holds any stake in businesses in the Russian Federation.

As part of its disengagement from the Russian Federation, Decathlon prioritised ensuring that the employment of teammates was maintained with the new owner, for those who wished.

This is why Decathlon chose to transfer all of its operations and assets to the company ‘ARM’, which owns the Desport brand. To finalise the transaction, it was agreed, in accordance with current local and international regulations, to supply a limited quantity of products for a limited period of time, to support the buyer in the launch of its new operations, thereby preserving the jobs of former teammates.

Decathlon reaffirms its commitment to complying with all applicable local and international regulations.

Infomation Source: Decathlon-united.media

Elite Author (5/5)
The official editor of Fitgearsource carefully organizes information about the fitness equipment industry for website users, providing you with more accurate information to help make your business plans smoother.
广告占位

Comments (0)

No comments yet, be the first to comment!

Leave a Comment

Last Comments

  • Avatar photo

    interesting visit. thanks for sharing

    On: Factory Tour Video – MYDO Sports in China
  • Avatar photo

    Where is the factory located? I want to know the...

    On: Factory Tour Channel: Shangdong Guwow fitness equipment Co., ltd.
  • Avatar photo

    It is a long story but it seems that they...

    On: Fitness Equipment & Sporting goods Industry Weekly News- W40 of 2023