Gazprombank, one of Russia's largest banks that is also under heavy U.S. sanctions, is reportedly poised to acquire the Russian operations of the Auchan retail chain, according to sources cited by Le Monde on Oct. 25. Auchan, a French hypermarket chain, remains one of the last Western businesses operating in Russia after many companies exited […]

Auchan, one of the few French chains still operating in Russia, is in final negotiations to sell its Russian subsidiary to a local buyer, French media La Lettre reported on Oct. 24. In March 2022, Auchan CEO Yves Claude told the outlet Journal du Dimanche that the company would not leave Russia despite accusations of […]