Russia seizes Nestlé, Auchan, Leroy Merlin operations via presidential decree

Russia's government, by presidential decree, placed Nestlé's subsidiary and the operations of French retailers Auchan and Leroy Merlin under temporary state management. This escalates Moscow's seizure of foreign assets in response to Western sanctions, directly hitting major consumer and retail firms. Nestlé shares fell on the news, signaling market concern over further asset freezes and operational losses.