X5 Retail Group

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RUSSIA: Former Casino exec set for X5 board role

15 Dec 2009

X5 Retail Group, the Russian retailer, has put forward former Groupe Casino CEO Christian Couvreux for a seat on the company's board.

RUSSIA: X5 refinances loan, reduces dollar exposure

14 Dec 2009

X5 Retail Group said today (14 December) that it has refinanced a US$1.1bn syndicated loan into rubles to avoid the negative impact of the weakening Russian currency.

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

4 Dec 2009

Little surprise that some of the choicest quotes of the week focused on Kraft Foods' pursuit of Cadbury. The US food giant faced criticism from UK union officials of its perceived lack of commitment over Cadbury jobs should it succeed in its quest for the confectioner. Supplier criticism was also revealed to be a key factor in the decision of First Milk's chief to leave the UK dairy co-op, while key dairy supplier, packaging giant Tetra Pak, warned the recession means consumer behaviour will never be the same again.

Top stories on just-food this week

4 Dec 2009

Once again, Kraft Foods' pursuit of Cadbury grabbed your attention this week and the US food giant has filed its offer documents to the Dairy Milk maker's shareholders. United Biscuits and Nestle have revealed plans to expand further in India, while in another emerging market, Russia, X5 Retail Group defied the country's gloomy economy with its own plans for expansion. Meanwhile, retail giant Delhaize announced a "new game plan", designed to cut costs, boost profits and drive its business in markets from Greece to Indonesia. These are the top ten stories on just-food this week.

RUSSIA: X5 outlines US$615m expansion plan

30 Nov 2009

X5 Retail Group, Russia's largest retailer by sales, has revealed plans to spend RUR18bn (US$615.8m) on opening up to 275 stores in 2010.

RUSSIA: X5 inks Paterson acquisition

25 Nov 2009

X5 Retail Group, Russia's largest retailer by sales, has reached a deal to acquire local supermarket chain Paterson in a deal worth almost US$284m.

RUSSIA: Regulators clear possible X5 bid for Paterson

28 Oct 2009

X5 Retail Group today (28 October) confirmed that it has received "unconditional consent" from the Russian Federal Anti-Monopoly Service with regard to its potential acquisition of Paterson supermarket chain.

RUSSIA: Kesko keen on Carrefour's Russian business

27 Oct 2009

Finnish retail group Kesko hopes to acquire Carrefour's Russian hypermarkets, according to Kesko chief financial officer Aria Talma.

INSIGHT: Carrefour Russia exit “makes strategic sense” - analyst

16 Oct 2009

Carrefour's surprise exit from Russia just four months after launching its first hypermarket in the country makes “strategic sense” for the company, a retail analyst claimed today (16 October).

RUSSIA: X5 to develop online sales platform

15 Oct 2009

X5 Retail Group, Russia's largest retailer, has unveiled plans to develop the company's online sales capabilities, with a view to becoming Russia's “leading brand in Internet retailing”.

RUSSIA: X5 sales growth outlook “conservative”

9 Oct 2009

X5 Retail Group, Russia's largest retailer by turnover, forecast "conservative" sales growth today (9 October), despite an increase in net retail sales for the first nine months of the year.

RUSSIA: X5 to grow sales, boost share

16 Sep 2009

X5 Retail Group, Russia's largest retailer, has confirmed that it plans to “significantly grow” its sales and market share.

INSIGHT: Russian economy could worsen - Wimm-Bill-Dann

4 Sep 2009

The chief executive of Russian dairy giant Wimm-Bill-Dann Foods today (4 September) warned that conditions in the Russian economy may worsen in the latter half of 2009.

RUSSIA: X5 H1 net falls 68% on FX

27 Aug 2009

X5 Retail Group today (27 August) booked a 68% drop in net profits in dollar terms, despite posting sales gains that outpaced its peers.

RUSSIA: Spar looking to add to store network

20 Jul 2009

Spar International, the Netherlands-based retailer, is on the look-out for more franchise partners to add to its network in Russia, the company's managing director has told just-food.

RUSSIA: X5 unveils management shuffle

17 Jul 2009

Russian retailer X5 Retail Group has announced a number of senior management appointments, in a bid to “streamline” its management structure and improve efficiency.

COMMENT: Russia's food retailers playing for high stakes

14 Jul 2009

Russia's food retail landscape is in a state of a flux - and the country's leading grocers are jostling for position. In recent days, there have been a raft of buoyant sales figures despite the impact the downturn has had on consumer spending. However, weak financial markets have hurt a number of smaller players and promises to herald a period of consolidation in Russia - involving both domestic and foreign heavyweights. Dean Best reports.

RUSSIA: X5 Retail posts increase in first-half sales

10 Jul 2009

X5 Retail Group has posted a 12% increase in first-half like-for-like sales, driven by a 5% increase in customer traffic and a 7% increase in average basket size.

RUSSIA: X5 Retail buys out franchisee

2 Jul 2009

X5 Retail Group has completed its buy-out of the Urals-based franchisee that operates the Pyaterochka chain of supermarkets in the cities of Yekaterinburg and Chelyabinsk.

RUSSIA: PM Putin places spotlight on pricing

29 Jun 2009

Russian Prime Minister Vladimir Putin has put the spotlight firmly on pricing as discussions over the government’s draft retail law continue.

RUSSIA: Price cuts encourage X5

28 May 2009

Shares in London-listed X5 Retail group, Russia's largest retailer by sales, rose today (28 may) despite foreign exchange costs leading to a first-quarter loss for the firm.

RUSSIA: Dixy sees foreign invasion ahead

8 May 2009

The Russian food retail sector will see a "dramatic" increase in foreign investment within three years, the World Retail Congress was told today (8 May).

RUSSIA: X5 Retail silent on Holiday "deal"

24 Apr 2009

X5 Retail Group, the largest retailer in Russia by sales, has refused to be drawn on local reports that it has struck a deal to buy Siberian peer Holiday Classik.

RUSSIA: X5 posts 46% sales increase

9 Apr 2009

X5 Retail Group posted a 46% year-on-year increase in first-quarter sales today (9 April), which the company said demonstrated the “resilience” of its multi-format approach.

RUSSIA: X5 launches discounting initiative

19 Mar 2009

X5 Retail Group has unveiled a major price initiative to be rolled out at all of its Pyaterochka stores in a bid to win over cash-strapped Russian consumers.

Russia's grocers can withstand economic slump

9 Mar 2009

Russia's economy, buoyed in recent years by the country's vast natural resources, kicked off 2009 with something of a whimper. Nevertheless, there is the feeling that Russia's food retail sector could provide a beacon of hope in a tough wider global food market in 2009.

RUSSIA: X5 retains 25% sales growth goal

6 Mar 2009

X5 Retail Group today (6 March) reiterated its sales outlook for 2009, saying it expects to grow revenues by more than 25% in spite of the economic downturn that has sapped Russian consumer confidence.

RUSSIA: X5 rebrands hypermarkets

19 Feb 2009

Russian retailer X5 Retail Group has rebranded all its Perekrestok hypermarkets to operate under the Karusel brand.

RUSSIA: Retailer Kopeyka denies sell-off claims

30 Jan 2009

Russian retailer Kopeyka has issued a firm rebuttal of local reports that has held talks to sell the business.

RUSSIA: X5 silent on Kopeika move

29 Jan 2009

Russian retailer X5 Retail has remained silent on reports that it has made a move to acquire Kopeika Trading House.






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