Four large Finnish players left the Russian market or announced the sale of business. Revenues are falling, and prospects are not clear, their owners say.
The Finnish retailer Prisma will close three of the five remaining hypermarkets in St. Petersburg. The company does not plan to leave Russia after Kesko, but the development of a new format - shops near the house - is stalling.
He is in talks with Leroy Merlin about selling a chain of stores for the house and repairing K-Raut. If the deal breaks, Kesko will not be able to leave the Russian market.