Russian retailer, Agro Trade, is looking to build a chain of retail stores in Florida, with the backing of a Dutch investor. The company is looking into a potential 400 stores to create a projected $1 billion of sales within four years.
The scheme would be backed by a Dutch investment to the tune of $500 million, from the same firm that backed Russia’s X5 Retail Group. Andrei Rogachyov, who founded those chains and remains an investor in X5, is separately heading AgroTrade International, according to a report in the Moscow Times newspaper.
It is not clear what branding Agro Trade would seek to use in its new stores, though it is expected they will begin trading this year from around 60 outlets.
Source: www.freshplaza.com