X5 Retail Group

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RUSSIA: Karusel propels X5 annual sales

20 Jan 2009

X5 Retail Group, Russia's largest retailer, said today (20 January) that full-year net sales grew 53% in 2008 due to the opening of new stores and the acquisition of the Karusel chain.

RUSSIA: X5 acquisition strengthens regional presence

2 Jan 2009

Russian retailer X5 Retail Group has agreed to buy 100% of the business and assets of OOO Agrotorg-Rostov, a Pyaterochka franchisee in the Rostov region, for RUB400m (US$15m).

RUSSIA: Kopeika secures bank loan - report

10 Dec 2008

Russian discount retailer Kopeika has secured a RUB4bn (US$142.9m) loan from state-controlled bank Sberbank, according to reports.

RUSSIA: Magnit secures first state ‘support’ loan

29 Oct 2008

Russian grocer Magnit Group has secured a RUB300m (US$11m) loan from state bank VTB as part of a government-backed programme to support the country's retailers.

RUSSIA: X5 cuts investment plans despite Q3 gains

10 Oct 2008

X5 Retail Group, Russia’s largest retailer by sales, has scaled down its expansion plans over fears that turmoil in the financial markets will dent demand, despite posting a sharp rise in like-for-like sales in the third quarter.

RUSSIA: X5 appoints senior management

19 Sep 2008

X5 Retail Group, Russia’s largest retailer by sales, today (19 September) announced a number of key management appointments to strengthen its senior management team.

RUSSIA: X5 and Formata resolve Karusel issues

28 Aug 2008

X5 Retail Group has reached an agreement with the former shareholders of Formata to resolve the outstanding post-completion issues on the recent acquisition.

RUSSIA: X5 to appeal Karusel takeover conditions

24 Jul 2008

Russia’s largest retailer X5 Retail Group has said that it will appeal against the conditions imposed on its acquisition of St Petersburg-based hypermarket chain Karusel by the country's competition watchdog.

RUSSIA: X5 growth continues in H1

10 Jul 2008

X5 Retail Group, Russia’s largest grocer by sales, today (10 July) posted a 27% jump in half-year like-for-like sales after seeing growth across all formats.

RUSSIA: X5 signs US$940m Karusel deal

25 Jun 2008

Russia’s largest retailer by revenue, X5 Retail Group, said today (25 June) that it has signed a deal that will see it acquire the Karusel hypermarket chain for a total price of US$940m.

RUSSIA: X5 names development director

23 Jun 2008

X5 Retail Group, the Russian retailer, has promoted Mikhail Kuprish to the role of chief development director.

RUSSIA: X5 launches Mercado hypermarkets

13 Jun 2008

X5 Retail Group, the Russian grocer, has launched its first hypermarket under the Mercado Supercenter banner in Lipetsk.

RUSSIA: X5 on acquisition prowl

5 Jun 2008

X5 Retail Group is on the look-out for further acquisitions to expand in Russia and improve its hypermarket business this year.

RUSSIA: X5 growth continues

29 May 2008

X5 Retail Group, the Russian grocer, today (29 May) reported a jump in first-quarter profits as it continued to enjoy robust sales growth.

RUSSIA: X5 hails “successful” rights offering

6 May 2008

Russia's X5 Retail Group said today (6 May) that it has successfully closed its US$1bn rights offering, aimed at raising funds to buy domestic hypermarket chain Karusel.

RUSSIA: X5 profits up under IRFS

17 Apr 2008

Russian grocer X5 Retail Group has posted improved 2007 results after the numbers were audited under IFRS guidelines.

Russian question focusing minds of retail giants

16 Apr 2008

Wal-Mart's move this week to appoint a top Rewe executive to study how to break into Russia has again raised the question of when the US giant - as well as Carrefour and Tesco - will enter the fast-growing market. Dean Best reports.

RUSSIA: X5 sees Q1 sales rocket

14 Apr 2008

Russian food retailer X5 Retail Group saw it sales rise 61% for the first quarter, as a result of strong consumer demand.

RUSSIA: X5 OKs Karusel buy

11 Apr 2008

The Supervisory Board of X5 Retail Group has approved the acquisition of Formata Holding BV, the owner of the Karusel chain of hypermarkets.

RUSSIA: X5 Retail rolls out plans for 20 stores

10 Apr 2008

Russia’s largest food retailer X5 Retail Group has announced plans to roll-out 20 Pyaterochka soft discount stores in the country’s southern region.

RUSSIA: X5 seals discount franchisee buy

2 Apr 2008

X5 Retail Group, Russia’s largest retailer by sales, said today (2 April) that it had sealed the deal to buy out a franchisee of its Pyaterochka stores.

UK: Tesco coy over Russian rumours

28 Mar 2008

Tesco has refused to be drawn on reports it is mulling expansion into Russia.

RUSSIA: Magnit prepares London share listing

26 Mar 2008

Magnit, the Russian grocer, is looking to list on the London Stock Exchange to raise money for expansion in its home market.

RUSSIA: X5 to buy discount franchisee

25 Mar 2008

X5 Retail Group, Russia’s largest grocer, is set to buy out a franchisee of its Pyaterochka stores.

RUSSIA: X5 clarifies position after stake sale reports

13 Mar 2008

Russian retailer X5 Retail Group has tried to cool press reports that a minority shareholder in the company had hired Morgan Stanley to advise on selling its stake.

RUSSIA: X5 to launch Mercado hypermarkets

7 Mar 2008

Leading Russian retailer X5 Retail Group is to launch of a hypermarket concept under the Mercado Supercenter banner.

RUSSIA: X5 profits leap on Q4 gains

28 Feb 2008

X5 Retail Group, Russia’s largest food retailer, saw annual profits jump by over a third in 2007 as the company’s strong performance continued into the last three months of the year.

RUSSIA: X5 announces board departure

20 Feb 2008

X5 Retail Group has announced the resignation of Alexander Kosiyanenko as a member of its supervisory board.

Local retailers ready for multinational push

5 Feb 2008

Emerging markets offer massive development potential for international retailers but recently published research from Deloitte Touche Tohmatsu underlines that major local operators are also well placed to capitalise. And, Ben Cooper writes, being local carries some significant advantages.

RUSSIA: Dixy displays Russian retail growth

23 Jan 2008

Russian retailer Dixy Group has followed rival X5 Retail Group in reporting strong full-year sales.

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