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Russia Seizes Nestlé and Auchan Assets | Flint News
Russia just seized control of Nestlé and Auchan’s assets in a bold move targeting foreign companies deemed “unfriendly,” handing over operations to a domestic firm. Nestlé vows to protect its rights and keep employees working, while Auchan stays silent. This isn’t new — since 2022, Russia has nationalized major foreign brands like Danone and Carlsberg. But the trend is escalating: even Russian-owned businesses are being restructured under state control, echoing Soviet-era asset grabs. Prosecutors are now revisiting privatization deals from the 90s — signaling a deeper, more aggressive shift…
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