Blog: Retail giants look to Russia with love
Dean Best | 20 August 2008
It may be August but speculation over who is next looking to tap into the world's emerging retail markets continues to rumble on.
Last week, it was India's turn in the spotlight after Tesco's announcement of its tie-up with local conglomerate Tata Group.
The companies involved are perhaps naturally keeping their cards close to their chests but the speculation demonstrates how attracted the multinational retailers are to Russia's potential.
And with Russia's retail sector forecast to grow by 20% a year between now and 2010, no wonder the world's retail giants are watching the country with more than just a passing interest.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
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Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
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