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The Russian subsidiaries of the French giants, cut off from their parent company, are working to survive

Many French groups have long resisted the pressure to leave Russia. It is true that many have already sold their subsidiaries, from Renault to Société Générale through Publicis, Schneider Electric, Sodexo and Thalès. This week, the latter will complete the sale of its last subsidiary in Russia, Thalès DIS, which it inherited from Gemalto, which specializes in bank cards, SIM cards and digital security.

In fact, most of the French jewelry is still in place, even among those like Danone and Air Liquide, who noted the height of political և media pressure after the speech of the President of Ukraine in front of the French Parliament. to study leaving Russia. Others have never thought of such an approach, starting with the luxury giants (LVMH, Kering և Hermès). Their activities are deadlocked, but they continue to pay salaries and rents until the geopolitical situation stabilizes. The same caution in L’Oréal, which is not …

Source: Le Figaro

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