Retail market and FMCG sector in Russia

Ikea freezes regional expansion

Mon, 30 Aug 2010 00:00:00 +0200

The Swedish furniture retailer Ikea has suspended its programme of regional expansion in Russia. The construction of the company’s shopping centre in Voronezh Province ...

DiaWest opens a test store of premium IT goods

Thu, 26 Aug 2010 00:00:00 +0200

DiaWest, the computer and electronics retailer and operator of the Kompyuterny Mir chain on the Ukrainian market, has opened the first store under the Computer Fashion banner. The ...

Mobile operators grow retail business in the Urals

Thu, 26 Aug 2010 00:00:00 +0200

Megafon-Ural, MTS-Ural and VympelKom, mobile operators present on the Russian market, continue to expand their retail chains in the Urals. Megafon-Ural has announced its aim to ...

Magnit to speed up hypermarket openings

Thu, 26 Aug 2010 00:00:00 +0200

Magnit, a Russian grocery retailer, plans to speed up the rate at which it opens new stores. During the period January-August 2010, the company opened eight hypermarkets. By the end ...

Four clothing brands from Western Europe enter St. Petersburg

Mon, 23 Aug 2010 00:00:00 +0200

Four new clothing brands from Western Europe enter Russian retail market and are to have their first stores in St. Petersburg open by the end of 2010: Warehouse, French Connection, ...

258,000 m2 of GLA added to Moscow retail property market in H1 2010

Mon, 23 Aug 2010 00:00:00 +0200

At the end of H1 2010 retail outlets occupied a total of 3.69 million m2 of trading area in Moscow, according to GVA Sawyer. During the first half of the year, a total of 258,000 m2 of ...

Carlsberg subsidiary increases market share in Russia despite decline on beer market

Thu, 19 Aug 2010 00:00:00 +0200

In Q2 2010 Baltika, a Russian brewery belonging to the Carlsberg group, was able to grow its share of the Russian beer market in volume terms from 39.1% in Q1 2010 to 40.1% in Q2 2010. The ...

Protek acquires Biopharm

Thu, 19 Aug 2010 00:00:00 +0200

Protek Group, a Russian pharmaceutical holding, has won the tender for the acquisition of a 100% share in the Yaroslavl-based pharmacy chain Biopharm. The deal includes the acquisition ...

X5 Retail Group launches virtual mobile operator project

Tue, 17 Aug 2010 00:00:00 +0200

X5 Retail Group, the largest Russian grocery retailer, has launched a mobile virtual network operator (MVNO) using Mobilnye TeleSistemy’s (MTS) infrastructure. The company expects to ...

Russia and Ukraine bring Stockmann €97.5m

Tue, 17 Aug 2010 00:00:00 +0200

In H1 2010, almost one-eighth of the total revenues generated by the Finnish clothing retailer Stockmann Group came from its operations on the retail markets of Russia and Ukraine. ...

Skartel brings 4G to Russia

Tue, 17 Aug 2010 00:00:00 +0200

Skartel, a Russian mobile network operator owning the Yota brand, will be the first company in Russia to offer 4G telecommunication technology. In H2 2010, the company plans to start ...

Coca-Cola to sell alcohol in Russia

Mon, 16 Aug 2010 00:00:00 +0200

Coca-Cola Hellenic Bottling Company (CCHBC) has obtained a license to sell alcohol in Russia from Rosalkogolregulirovanie, the state authority for alcohol trading regulations. The company ...

Deti develops a new store format

Thu, 12 Aug 2010 00:00:00 +0200

Deti, a Russian retailer of children's goods, is developing a new, larger, store format. The new format will be launched in Mega malls and the first such store will be located in the ...

Teva grows in Russia after buying Ratiopharm

Thu, 12 Aug 2010 00:00:00 +0200

As a result of the acquisition of the German medication producer Ratiopharm by the Israeli company Teva Pharmaceuticals, the latter could become one of the three largest producers ...

Electrolux acquires production plant in Ukraine

Thu, 12 Aug 2010 00:00:00 +0200

Electrolux, the Swedish producer of electronic household appliances, has acquired a production plant in Ivano-Frankovsk, Ukraine, where it intends to produce washing machines for the ...