Russia’s retail news August 2012

In the beginning of August it was announced that 20 August Luc Koenot would become a new CIO of X5 Retail Group, before he was a SVP & CIO at the large Belgium retail company Delhaize Group.

Andrej Rogachev who was one of the founders of retail networks Pjaterochka and Karusel (now they are the parts of X5 Retail Group) is going to open a new discounter network Okey-Dokey in the USA. The first store will be opened 1 September in Miami. It is planned to open 8-12 discounters till the end of the year and 50 stores more in 2013. Agro-Trade International is going to develop the network; the investments into the project are estimated at about $500 million.

Finnish retail network Prisma is going to open 2 new supermarkets in St. Petersburg in August and in October, so the total amount of Prisma supermarkets will be 11 in St. Peterburg and Leningrad region. By January 2013 the company is going to open 3 supermarkets more.

Source: www.retailer.ru