Pyatyorochka Thinks Big With EBRD, THE MOSCOW TIMES

The Moscow Times (Russia) | January 31, 2002| | Copyright

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The country's largest supermarket Pyatyorochka announced Wednesday that it will double its chain of 84 stores and more than triple sales over the next two years with the assistance of its new shareholder, the EBRD.

The discount chain, founded by two wholesale companies in St. Petersburg in 1999, will pay special attention to expansion in the lucrative Moscow market, company officials said. "The Moscow retail market is still very empty -- there is no competition yet," Vladimir Posazhennikov, head of the chain's Moscow operations, said at a news conference. ...

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