Maxidom takes over Castorama Russia from Kingfisher

Kingfisher has sold Castorama Russia to Maxidom. The British company is getting around RUB 7.4 bn (GBP 74 mio or EUR 81 mio) for its Russia business from the Russian DIY chain, which stood at seventh place in the country's industry ranking last year and operates 15 locations; according to the company itself, retail space exceeds the 200 000 m² mark. Castorama most recently had 18 stores with 188 000 m² in Russia and stood at fifth place in the sales ranking. In terms of retail space, after the takeover, Maxidom moves up to second place following Leroy Merlin (104 stores, 1.113 mio m²). The transaction was completed yesterday, 30 September 2020.