The former Chancellor of Germany has taken a job at a hypermarket chain in Russia

Former German Chancellor Joins Russian Hypermarket Chain

On October 2, RBC reported on Schröder's new position, citing the press service of the German company. DW also sent an inquiry to Globus Holding, but had not received a response by the time of publication.

A representative of the retailer told RBC that Schröder will participate in the general management of the company and contribute to the development of long-term plans in the Russian market.

Thomas Bruch, owner of "Giperglobus" and shareholder of Globus Holding, explained the involvement of the former chancellor in the supervisory board by the need to strengthen expert support.

In his opinion, Schröder's experience will help maintain a dialogue-oriented approach and find constructive solutions.

The company's press service also quoted a statement by Schröder, in which the former chancellor emphasized the importance of maintaining economic ties and investments with Russia.

"It is precisely in times of crisis that these ties are particularly important: they allow us to hear each other and find a path to the future," Schröder said, according to RBC.

RBC described "Giperglobus" as a Russian company owned by the German holding Globus Holding GmbH & Co.

However, the German company previously explained to DW that "Giperglobus" was officially separated from Globus Holding in early 2025. Nevertheless, their shareholders remained the same.

Thomas Bruch attended the St. Petersburg International Economic Forum in June 2026. At that time, the press service of the German company stated that he participated in the forum solely on behalf of "Giperglobus". The goals of the visit also included exchanging views with representatives of government agencies.

According to RBC, at the end of 2025, 22 "Globus" hypermarkets were operating in eight Russian regions.

Schröder has previously worked in Russian energy companies.