STORY – The situation is becoming increasingly complicated for the French flagships that have remained in the country led by Vladimir Putin.
Long under pressure to leave Russia, many French groups resist. Admittedly, many have already sold their daughters, from Renault to Société Générale via Publicis, Schneider Electric, Sodexo and Thalès. The latter will this week complete the sale of its last subsidiary in Russia, Thalès DIS, acquired by Gemalto and specialized in the bank cards, SIM cards and digital security sector.
In fact, a majority of French jewels are still active on the ground, even among those who, like Danone and Air Liquide, said they were studying withdrawal from Russia at the height of political and media pressure following the Ukrainian president’s speech to the French parliament . Others have never considered such an approach, starting with the luxury giants (LVMH, Kering and Hermès). Their activity has come to a standstill, but they will continue to pay wages and rent until the geopolitical situation stabilizes. The same caution at L’Oréal that doesn’t…
This article is for subscribers only. You still have 87% to discover.
Cultivating your freedom means cultivating your curiosity.
Continue reading your article for €0.99 for the first month
Already subscribed? registration