In 2013 retail chain “Vernij” (which means “Loyal” in Russian) will launch the option program – top-managers will be offered up to 5% of the share capital of the company as a reward for good work. This program may be the most generous on the Russian food retail market – usually that number is up to 2% of the share capital.
Andrei Rogachev, founder of retail chains “Pyaterochka” and “Karusel”, and former managers of X5 Retail Group, the former CEO of “Pyaterochka” Oleg Vysotsky and the former head of the Ural branch of X5 Alexei Vaganov now are investing in the development of retail chain “Vernij”.
According to the development plans, there will be up to 400 stores in Moscow and St. Petersburg in three years. Now there are more than 10 stores and another 25 stores will be opened by the end of the year.
Source: www.retailer.ru