Eldorado to enter retail food sector

The owner of Russian electronics chain Eldorado, I Yakovlev, is due to launch a supermarket chain. The new concept was developed in 2007, but the project was put on hold in September 2008 following the economic slowdown. The first hypermarket is due to open in a shopping complex in Yaroslavl. The store, which measures 12,000 square metres, is now 90% ready, the Kommersant newspaper has reported.

www.planetretail.net