Gerhard Schröder visits latest Russian employer, Hyperglobus

Former German Chancellor Gerhard Schröder visited Moscow and met with Globus hypermarket employees, according to RBC. Schröder delivered a welcome speech before proceeding to discuss matters with the employees in private. His schedule also involves a tour of one of Globus's hypermarkets. Globus remains one of the few international retailers that have persisted in Russia since the country's full-scale invasion of Ukraine commenced.

The hypermarket chain encompasses more than 20 stores spread across eight Russian regions and is still controlled by German shareholders. In early October, it was revealed that Schröder had joined the supervisory board of Giperglobus LLC, a company owned by Thomas Bruch. Bruch indicated that Schröder was appointed to the board due to his extensive experience in Russian politics and business.

In September, Russian President Vladimir Putin took control of the assets of other large foreign retailers, such as Metro Cash & Carry, Auchan, and Lemana PRO, and placed them under the temporary management of Russian companies. Nestlé Russia also fell under temporary management. Schröder has visited Russia multiple times since the invasion began and has met with Putin.