PRESS: Owners of Russias Reebok, Lebanons firm can buy Decathlon - Consumer Goods & Retail - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

PRESS: Owners of Russias Reebok, Lebanons firm can buy Decathlon

MOSCOW, May 30 (PRIME) -- The assets of sportswear retail chain Decathlon in Russia can be bought by Turkeys FLO Retailing that acquired Reeboks local business last year and Lebanons Azadea Group, Vedomosti business daily reported on Tuesday citing two realty consultants and a partners of the retailer.

Turkish FLO Retailing and Lebanese Azadea Group are in talks on purchasing of the business of French chain Decathlon in Russia, the daily reported.

Two options of the deal are being considered. The first one is acquiring the entire Russia-based chain and relaunching of Decathlon stores under a franchising model, and the other one is similar, but some stores will be closed, it also reported.

The deal is to be closed no earlier than in the autumn.

No information is available if there are any other bidders for the assets.

End

30.05.2023 08:34
 
 
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