French sportswear retailer sells Russian business ...News

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French sportswear retailer sells Russian business
Decathlon’s assets reportedly fetched up to $55 million French sportswear retailer Decathlon has sold its Russian assets to ARM, a company that already owns a franchise of the fashion retailer Mango, according to Russian Deputy Minister of Industry and Trade Viktor Evtukhov. The sale was approved by the government commission for control over foreign investments, Evtukhov announced on Friday. Russian law stipulates that all transactions for the sale of companies registered in countries that have supported sanctions against Russia must be approved by a special subcommittee of the country’s Finance Ministry. The sale

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