Adeo
LeaveRussia detail: Continue Operations
ADEO is a platform of companies with shared values, international retail leader in home improvement and DIY market for residential and professional customers in 19 countries.
Decision trail
Decision date 20/02/2024 · Reference ↗
Leroy Merlin will continue to work in the Russian Federation and is ready to expand supplies and range (112 stores in Russia). Leroy Merlin's parent company, Adeo, said it was "transferring control" of Leroy Merlin to local management in Russia, where it is among the biggest foreign employers. 12.2023: The entry about the founder of JSC "BRICOLAGE INVESTISSMAN FRANCE" was removed from the Unified State Register of Legal Entities. "LIMITED PARTNERSHIP SENARY HOLDING LP becomes the new founder of the organization | 19.12.2023: The status of a legal entity is changed to The legal entity is in the process of reorganization in the form of the merger of other legal entities. In the course of a detailed investigation, it turned out that the company signed a technical agreement on the alleged sale of the main business in Russia (SCENARI HOLDING LP from the UAE), as the CEO (Defassier Laurent, Louis, Claude) stayed the same since 2019, the company signs new contracts with the group and authorities of the Russian Federation (including the Ministry of Internal Affairs), trademarks are extended in Rospatent until 2031. In addition, as the L'Express investigation showed, SCENARI HOLDING LP has the same General Director as in Russia - Laurent Defassier, so the company used a tax optimization scheme, also called layering. Also, most of the imports in 2023 by Leroy Merlin Vostok in Russia was received from ADEO.
Status history since 2022
- 03/08/2026 — operating · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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