> “In order to finalize the transaction it was agreed, in accordance with local and international regulations in force, to continue for a limited duration to supply a limited amount of products so the new owner can launch its operation and preserve jobs,” said Decathlon.
So it was all about protecting the jobs of their loyal Russian employees! (No mention of how much extra Decathlon got in payment from the new Russian owner for going along with this demand as part of the sales contract.)
Protecting jobs is first priority. Profits aren’t even in the top 10
Protecting Russian jobs? Do they not understand the point behind the sanctions?
More on this subject from other reputable sources:
What is the penalty for providing aid and comfort to the enemy. Lots of “sports clothing would be dual use for the army. High tech base layer and other thermal gear would make a least some Russians more comfortable.
Decathlon had put in place “a vast system to conceal its exports as part of a supply agreement with Desport” which it said was worth at least $12 million, using a shell company in Dubai and a Singapore-based subsidiary. The operation, Disclose said, took Decathlon “to the limits of legality.”
Scum. The owners of this company need to be thrown in jail for sanctions evasion.
8 comments
> “In order to finalize the transaction it was agreed, in accordance with local and international regulations in force, to continue for a limited duration to supply a limited amount of products so the new owner can launch its operation and preserve jobs,” said Decathlon.
So it was all about protecting the jobs of their loyal Russian employees! (No mention of how much extra Decathlon got in payment from the new Russian owner for going along with this demand as part of the sales contract.)
Protecting jobs is first priority. Profits aren’t even in the top 10
Protecting Russian jobs? Do they not understand the point behind the sanctions?
More on this subject from other reputable sources:
—
– N-tv (C): [Via letterbox company in Dubai: Decathlon continues to do business in Russia](https://www.n-tv.de/wirtschaft/Decathlon-macht-weiter-Geschaefte-in-Russland-article24611787.html)
– NDTV News – India (D): [Decathlon Secretly Selling Clothes To Russia Despite Pulling Out: Report](https://www.ndtv.com/world-news/decathlon-russia-ukraine-war-decathlon-secretly-supplying-russia-despite-pulling-out-report-4703751)
– Euronews (B+): [Decathlon continued to supply Russian stores despite sanctions](https://www.euronews.com/business/2023/12/19/decathlon-continued-to-supply-russian-stores-despite-sanctions-investigation)
– Euromaidan Press (B): [French retailer Decathlon keeps trading in Russia despite exit claims – Disclose](https://euromaidanpress.com/2023/12/19/french-retailer-decathlon-keeps-trading-in-russia-despite-exit-claims-investigation/)
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What is the penalty for providing aid and comfort to the enemy. Lots of “sports clothing would be dual use for the army. High tech base layer and other thermal gear would make a least some Russians more comfortable.
They just lost a customer
Now I wish them to repeat the fate of [Carlsberg’s russian business](https://edition.cnn.com/2023/10/31/business/carlsberg-russia-business-stolen/index.html).
Decathlon had put in place “a vast system to conceal its exports as part of a supply agreement with Desport” which it said was worth at least $12 million, using a shell company in Dubai and a Singapore-based subsidiary. The operation, Disclose said, took Decathlon “to the limits of legality.”
Scum. The owners of this company need to be thrown in jail for sanctions evasion.