X5 Retail Group

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RUSSIA: Wal-Mart again linked to local retailer Kopeika

15 Oct 2010

Wal-Mart Stores has again been linked to Russian grocer Kopeika, with speculation in the country claiming the US retail giant has resumed talks with the owners of the business.

RUSSIA: X5 Retail Group's LFL sales growth accelerates in Q3

11 Oct 2010

Russian grocery retailer X5 Retail Group said today (11 October) that its like-for-like sales accelerated during the third quarter of the year.

RUSSIA: Magnit posts faster like-for-like sales growth

11 Oct 2010

Russian retailer Magnit has seen its like-for-like sales growth accelerate during the third quarter of 2010.

RUSSIA: X5 Retail Group completes Ostrov acquisition

29 Sep 2010

Russian grocery retailer X5 Retail Group announced today (29 September) that it has completed the acquisition of Moscow-based chain Ostrov.

RUSSIA: Watchdog clears prospective X5 Retail Group's Ostrov buy

15 Sep 2010

Russia-based X5 Retail Group has been granted anti-monopoly approval to buy the Ostrov retail chain should its pursuit of the business prove successful.

RUSSIA: X5 Retail Group faces store disposals with quest for Kopeika

10 Sep 2010

Russia's anti-monopoly service has granted X5 Retail Group permission to acquire local grocery chain Kopeika but said Russia's largest retailer by sales must offload stores to secure a deal.

Best bits: Spotlight remains on emerging markets

6 Sep 2010

The spotlight was on manufacturers this week as Heinz, Kerry Group and Del Monte all posted positive numbers.

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

27 Aug 2010

Canadian convenience operator Couche-Tard posted record net earnings for the first quarter of fiscal 2011 this week, up 42% against the same period of the previous year. But its efforts to acquire Casey’s General Stores were dealt a heavy blow when the US company completed its latest round of defences in the from of its modified “Dutch auction” self tender offer.

RUSSIA: X5 Retail Group's profits hurt by weak rouble

27 Aug 2010

Russia's largest retailer X5 Retail Group saw net profit fall 81% in its second quarter to US$24.9m which it attributed to a foreign exchange loss.

RUSSIA: X5 Retail acquisition approvals delayed

25 Aug 2010

The Russian Antitrust commission has delayed its decision on whether the X5 Retail Group can purchase local grocery chains Kopika and Ostrov.

RUSSIA: X5 admits interest in Moscow retailer Ostrov

13 Aug 2010

X5 Retail Group, Russia's largest retailer by sales, today (13 August) confirmed that it is interested in buying Moscow-based chain Ostrov.

UPDATE: RUSSIA: Kopeika suitor X5 hints at M&A talks elsewhere

23 Jul 2010

Russian retailer X5 Retail Group, which has filed a request to buy local discount chain Kopeika, today (23 July) just-food that it is in "discussions" with "many players" over possible M&A deals.

RUSSIA: X5 Retail Group "moves for Kopeika"

23 Jul 2010

X5 Retail Group, Russia's largest retailer by sales, is reportedly made a move to buy discount retailer Kopeika.

RUSSIA: Discount growth drives X5 Retail sales

9 Jul 2010

X5 Retail Group posted a 19% increase in net retail sales in rouble terms to reach RUB155.51bn (USD5.17bn), attributing the results to the strong performance of its discount operations.

RUSSIA: X5 Retail Group CFO to depart

9 Jul 2010

X5 Retail Group's chief financial officer Evgeny Kornilov will leave the Russian retailer in October.

RUSSIA: Russian grocer Kopeika "in sale talks"

30 Jun 2010

Russian retailer Kopeika is in talks with two potential buyers while also eyeing a possible IPO, according to reports.

RUSSIA: Lower inflation, spending hits X5 outlook

27 May 2010

X5 Retail Group today (27 May) lowered its sales outlook for 2010 as it struggles with lower inflation and reduced spending in Russia.

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

7 May 2010

UK retailers Marks and Spencer and Asda both announced the departure of members of their executive teams this week. For M&S, finance and operations director Ian Dyson left to jon pub group Punch Taverns, while Asda announced the exit of CMO Darren Blackhurst. And, aside from a raft of quarterly results, there was some M&A activity, with Poundland the subject of a takeover from US private-equity firm Warburg Pincus who described the firm as "an exceptional business". Here is the best of who said what this week.

UPDATE: RUSSIA: X5 sees “growing opportunity” in convenience

5 May 2010

Russian retailer X5 Retail said today (5 May) that it expects to capitalise on the “growing opportunity” offered by the Russian convenience sector as part of its multi-format strategy.

RUSSIA: X5 increases Express Retail stake

5 May 2010

Russian grocer X5 Retail Group has raised its stake in Express Retail, a joint venture company that operates 52 Perekrestok-Express convenience stores in and around Moscow.

GLOBAL: Ash cloud forces World Retail Congress to reschedule

19 Apr 2010

The volcanic ash cloud sitting over northern Europe has forced the organisers of the World Retail Congress to postpone this year's event, which was due to start on Wednesday (21 April).

Top stories on just-food this week

16 Apr 2010

UK retail was somewhat shaken this week by the news that Asda boss Andy Bond will step down as its CEO. Just three days on, Bond, who is staying at the UK arm of Wal-Mart, outlined ambitious growth plans for the market over the next five years.

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

16 Apr 2010

From Asda's Andy Bond explaining his departure from the UK retailer's hot seat, through the UK organic sector insisting things are looking up, to UK food group Uniq standing by its proposed deal to tackle its pension deficit, many in the industry were on the back foot this week. Here is a flavour of who said what about the top stories in the food sector.

RUSSIA: X5 boss outlines US$620m expansion war-chest

15 Apr 2010

X5 Retail Group, Russia's largest retailer by sales, plans to spend RUB18bn (US$619.2m) on expansion this year after meeting its revenue target last year.

UPDATE: RUSSIA: X5 to benefit from "balanced" portfolio - analyst

9 Apr 2010

X5 Retail Group, Russia's largest retailer by sales, stands to prosper in 2010 from its balanced "portfolio" of stores, a leading Moscow analyst has told just-food.

RUSSIA: Discounters drive X5 sales

9 Apr 2010

X5 Retail Group, Russia's largest retailer by sales, this morning (9 April) posted a 7% rise in quarterly like-for-like sales despite slowing food inflation in the country.

RUSSIA: X5 rolls-out unified IT platform

26 Jan 2010

X5 Retail Group has said that its move to roll-out a unified IT platform across its store base will add to its “competitive advantages” and boost efficiency.

RUSSIA: Store openings boost X5 Retail sales

19 Jan 2010

X5 Retail Group reported a 33% jump in full-year revenue, boosted by new stores openings and lower prices.

RUSSIA: Investors re-elect X5 boss for four years

18 Jan 2010

Shareholders in Russian retailer X5 Retail Group have approved the extension of CEO Lev Khasis' contract as well as changes to the company's supervisory board.

2009's highs and lows - the retailers

18 Dec 2009

In food retail, 2009 was the year of the value message. As ever in an increasingly competitive environment, there have been winners and losers. Here is just-food's take on the food retailers that have prospered over the past year and those who have become casualties of the adverse economic conditions.

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