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30 декабря 2008, 00:00 4124 просмотра

X5 acquires franchisee in Rostov

X5 has announced that it has acquired Agrotorg-Rostov, a Pyaterochka franchisee in the Rostov region, for a total of RUB400 million (USD15.8 million). As a result of the transaction, X5 will strengthen its position in southern Russia and will wholley own 15 Pyaterochka stores - a total of 7,000 square metres of selling space. Commenting on the acquisition, X5 Retail Group CEO, Lev Khasis commented: "We have always considered franchisee buyouts as part of X5's expansion strategy. In current market conditions, we have increased our focus on these potential opportunities as a consequence of the liquidity situation many players are facing. The buyout of Agrotorg-Rostov is the first transaction in an inevitable process of Russian retail consolidation, and we are considering other potential buyouts of franchisee businesses or assets."

www.planetretail.net

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X5 acquires franchisee in Rostov

X5 has announced that it has acquired Agrotorg-Rostov, a Pyaterochka franchisee in the Rostov region, for a total of RUB400 million (USD15.8 million). As a result of the transaction, X5 will strengthen its position in southern Russia and will wholley own 15 Pyaterochka stores - a total of 7,000 square metres of selling space. Commenting on the acquisition, X5 Retail Group CEO, Lev Khasis commented: "We have always considered franchisee buyouts as part of X5's expansion strategy. In current market conditions, we have increased our focus on these potential opportunities as a consequence of the liquidity situation many players are facing. The buyout of Agrotorg-Rostov is the first transaction in an inevitable process of Russian retail consolidation, and we are considering other potential buyouts of franchisee businesses or assets."

www.planetretail.net

x5X5 acquires franchisee in Rostov
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