“We have decided to leave Russia, Spain and Portugal. This will allow us to apply our strategy with greater concentration and efficiency in our key markets, where we occupy leading positions or can achieve them, ”Ron Novosti quotes Veronique Lori, chief executive officer of Kingfisher.
She noted that Russia is an attractive market for the company, but its share in it is relatively small.
In Russia, the company has 20 Castorama stores.