Selgros hypermarket chain plans to exit the Russian market
The German retail chain Selgros, which specializes in wholesale trade, is considering the possibility of completely ceasing its operations in Russia. The company has already begun the process of liquidating its Russian legal entity, which could lead to the closure of all remaining hypermarkets in the country.
At the moment, the Selgros chain operates several large stores in Moscow and other regions. Experts note that the decision to leave is linked to a change in international business strategy and logistical difficulties that have arisen over the last two years. Currently, the company's management is evaluating assets and potential options for selling the business.
For Russian shoppers and business clients who purchased goods at Selgros, this departure will be a notable event. The chain was popular among owners of restaurants, cafes, and small shops due to its "cash and carry" format. While company representatives have not yet provided exact dates for the store closures, the process of gradually reducing its market presence has already begun.
The situation with Selgros continues the trend of European retailers exiting Russia. Many international brands in the retail and food sectors have revised their development plans in the country since 2022. Official statements from the company regarding the future of its retail spaces and employees are expected in the near future.