Auchan CEO Says Russia Exit Would Mean Job Losses, Not Peace
- Transfer of assets would boost Russian financial ecosystem
- Russian operations won’t be profitable this year: CEO Claude
Auchan Retail International SA hypermarket in Moscow.
Source: Bloomberg
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Auchan Retail leaving Russia and transferring its assets to a third party in the country would only reinforce the local financial ecosystem, a solution that wouldn’t bring peace, the head of the French grocery chain said.