X5 Retail Group

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RUSSIA: Former Tesco executive Martins to join X5

5 Aug 2011

Former Tesco and Casino executive Paul Martins is set to X5 Retail Group, Russia's largest retailer, as commercial director.

RUSSIA: Magnit director Ermolenko joins X5

2 Aug 2011

X5 Retail Group, Russia's largest retailer, has appointed Alexander Ermolenko from rival Magnit to oversee its supply chain.a

RUSSIA: Discount, supermarkets drive X5 sales

8 Jul 2011

Russian grocer X5 Retail Group has posted an increase in first-half sales, thanks to to a "healthy" performance from its soft discount stores and supermarkets and the contribution from the Kopeyka stores it acquired at the end of last year.

RUSSIA: X5 boosted by new stores, acquisitions

26 May 2011

Russia's largest retailer, X5 Retail Group, today (26 May) booked an increase in profit for the first quarter and indicated that it expects to continue to fuel growth through store openings in the remainder of the year.

RUSSIA: Lenta recieves interest from former X5 CEO

15 Apr 2011

A representative of one of the shareholders in Russian grocery retailer Lenta has confirmed that it has had discussions to sell its stake in the chain to former X5 Retail Group CEO Lev Khasis.

RUSSIA: X5 profit up 64% for 2010

14 Apr 2011

X5 Retail Group said today that it "met its 2010 growth outlook" for 2010 as it recorded a 64% increase in net profit for the year.

RUSSIA: Supermarket sales drive X5's Q1 growth

8 Apr 2011

X5 Retail Group said today (8 April) it saw an acceleration in like-for-like sales growth from its supermarkets during the first quarter of 2011, as net sales at Russia's largest retailer by sales surged.

RUSSIA: X5 shareholder denies merger speculation

7 Apr 2011

X5 Retail Group's largest shareholder, Alfa-Group has today (7 April) described speculation that it is looking to merge Russia's largest grocer with an international retailer as being "unfounded".

RUSSIA: X5 Retail Group to grow private-label penetration

22 Mar 2011

Russian grocer X5 Retail Group is planning to increase the number of locally-produced and private-label products it sells in its stores.

RUSSIA: X5 appoints expansion directors

16 Mar 2011

X5 Retail Group has appointed two directors to head up the organic development and M&A departments at the Russian retailer.

RUSSIA: X5 Retail Group CEO Khasis to leave

11 Mar 2011

Russia's largest retailer X5 Retail Group has announced that Lev Khasis will leave the company after "five successful years as CEO".

Quote, unquote: just-food's week in words

11 Mar 2011

This week featured the surprise news that Morrisons acquired a stake in US online grocer Fresh Direct, while Greencore was outfoxed in its bid to acquire Boparan. Meanwhile just-food attended the Westminster Food and Nutrition Forum. Here's the best of what was said this week:

RUSSIA: X5 Retail Group considers selling Kopeyka brand

17 Feb 2011

Russian grocer X5 Retail Group confirmed today (17 February) that it has received offers to sell its Kopeyka brand.

RUSSIA: X5 Retail appoints CEO of IT business

31 Jan 2011

Russian grocery retailer X5 Retail Group has appointed Kirill Grodinsky as CEO of its IT business.

RUSSIA: X5 Retail Group Q4 sales up

19 Jan 2011

Russia's largest grocery retailer X5 Retail Group recorded a 35% increase in consolidated sales for the fourth quarter of 2010, driven by improved customer spending, organic growth and the recently-acquired Kopeyka chain.

RUSSIA: Seventh Continent owner "to buy Mosmart"

17 Jan 2011

The owner of Russian retailer Seventh Continent has agreed to buy smaller grocery operator Mosmart for RUB15bn (US500.2m), according to reports.

RUSSIA: X5 to open 540 stores in 2011

23 Dec 2010

Russian retailer X5 Retail Group is to open 540 stores in 2011 as the country's largest retailer by sales continues its expansion.

RUSSIA: X5 names former Mars exec as CFO

23 Dec 2010

Russian retailer X5 Retail Group has appointed ex-Mars Inc executive Keiran Balfe as its CFO.

The just-food management briefing - M&A in 2010 - a timeline, part II

20 Dec 2010

As we headed into September, there was uncertainty about the prospects for M&A activity, with analysts at KPMG suggesting the value of deals in the food, drink and consumer goods space in the second quarter stood at just under US$19bn - down from the $49bn of deals recorded in the first three months of the year. However, the last months of 2010 saw a number of key pieces of M&A - notably the merger of Greencore and Northern Foods - and deals signed to see PepsiCo buy Wimm-Bill-Dann and a private-equity consortium by Del Monte Foods.

Comment: Wal-Mart ran out of options in Russia

13 Dec 2010

In a move that surprised some industry watchers, Wal-Mart Stores said today (13 December) that it would close its office in Moscow, where it has spent two years studying how to enter Russia's fast-growing retail sector.

RUSSIA: Wal-Mart to shut Moscow office

13 Dec 2010

Wal-Mart Stores is to close its office in Russia after deciding that the possibility of the company entering the market through acquisition was, in the short term at least, limited.

Quote, unquote: just-food's week in words

10 Dec 2010

The executive changes at Kellogg and Premier Foods plc attracted scrutiny from analysts on Wall Street and in the City this week, France's competition watchdog threatened the country's food retailers with legislation to free up the sector - and X5 Retail Group, Russia's largest retailer, was pleased with its acquisition of discount chain Kopeyka. Here is the best of who said what this week.

Editor's choice: the highlights on just-food this week

10 Dec 2010

It's all change at the top for Kellogg with the cereal giant set to start the New Year with a new CEO. In the UK, the country's largest food maker, Premier Foods plc, has made a series of management changes it hopes will drive sales and assuage investor pressure. And, following PepsiCo's move for Wimm-Bill-Dann, the M&A spotlight remained on Russia with X5 Retail Group's US$1.6bn acquisition of discount chain Kopeyka.

BRICs and beyond: Russia's X5 Retail plans aggressive expansion

8 Dec 2010

Russia's leading grocery retailer X5 Retail Group's acquisition of soft discounter Kopeyka will give it a stronger base to drive aggressive growth plans in a heavily fragmented, but highly attractive market.

UPDATE: RUSSIA: Kopeyka buy to drive organic growth, says X5 CEO

6 Dec 2010

The chief executive of Russia-based X5 Retail Group said today (6 December) that its planned acquisition of soft discounter Kopeyka will give his company a stronger base to drive organic growth.

RUSSIA: X5 Retail Group to acquire Kopeyka

6 Dec 2010

Russia-based X5 Retail Group announced plans today (6 December) to acquire soft discount operator Kopeyka.

RUSSIA: X5 Retail Group Q3 net profit up

26 Nov 2010

Russia's largest grocery retailer X5 Retail Group announced today (26 November) that its net profit grew 9% during the third quarter on the back of bumper sales.

RUSSIA: X5 Retail unveils new retail format

18 Nov 2010

Russia's largest retailer by sales X5 Retail Group has developed a new retail format operating under the brand name Pyaterochka-Maxi.

Comment: Is Russia resurgent?

18 Oct 2010

Russia, the world's 12th largest economy was hit hard by the global downturn. The drop in global manufacturing demand hit resource-rich Russia hard, which saw its GDP slump by 7.9% during 2009 in what was the country's worst recession in a decade.

UPDATE: RUSSIA: X5 reiterates interest in Wal-Mart "target" Kopeika

15 Oct 2010

X5 Retail Group, Russia's largest retailer by sales, has repeated its interest in buying local rival Kopeika amid reports that Wal-Mart Stores is again circling the business.

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