Russian Retail Market: Dixy to Double Capital Investment in 2011

The large Russian food retailer Dixy has reconsidered and doubled the planned capital investment in 2011 from RUB 2.5bn to 5.5-6.3bn. RUB 1.5bn will be spent on new stores, RUB 1bn – on the opening of 3-4 Megamart hypermarkets in the Urals. Equipment and reparatory works for the new Dixy discounters will cost about RUB 1bn, the new trucks – RUB 500m.

Source: www.foodnewsweek.ru