The Finnish retail group Kesko, which is already present on the Russian market with a chain of DIY hypermarkets K-Rauta, is planning ot open a grocery chain. 2012-2013 the company plans to open four supermarkets K-citymarket: two in St. Petersburg or Leningrad region and two in Moscow region. At the same time Kesko is considering buying a local grocery chain. Talks with “Lenta” owners have already taken place at the beginning of the year.
The group Kesko owns about 2,000 stores in Scandinavia, the Baltic states, Russia and Belarus. 2010 the net sales amounted to €8.77bn. In Russia the company operates 12 DIY hypermarkets K-Rauta (in St. Petersburg and the Moscow region), the net sales 2010 reached €204m.
Source: www.foodnewsweek.ru