The board of directors of Lenta has dismissed the company’s director general Alexey Bobrov.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
According to a source in the Russian retailer’s management, the main reason for the dismissal is the company’s poor performance in the recent months.
“Now Lenta needs a strong manager, because for almost two years we have operated by inertia,” one of the co-owners explained.
In 2008, Lenta opened eight hypermarkets instead of the planned 12 and the company’s sales growth of 20% lagged its rivals – the O’Key food chain, for example, posted 70% growth.
Lenta has also been dogged by takeover rumours, with reports suggesting that the likes of Wal-Mart and Carrefour are keen on acquiring the company.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
