‘Nestlé is committed to taking all necessary steps to protect its rights’: Nestlé and Auchan respond to Putin’s decree placing their Russian assets under temporary management
Nestle said it has “taken note” the Russian president’s decree introducing “temporary external administration” at Nestlé Russia.
Nestlé and Auchan have responded to Russia's President Vladimir Putin's decree placing their Russian assets under temporary management. Nestlé stated it has taken note of the decree and is assessing its options, committing to taking all necessary steps to protect its rights and ensure business continuity. Auchan's Russian subsidiary, Auchan LLC, continues to operate as usual, having sent a request for clarification about the decree.
Putin signed the decree on September 17, which also places shares of Leroy Merlin's Russian division under temporary management. The decree's management body, "L.E.V. Management," was recently registered in Moscow with a director whose identity is disputed.
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