German retail chain Rewe is reported to be considering opening between 15 and 20 Penny discount supermarkets in Russia’s Moscow Region.
Rewe will invest around US$1-1.5m in each store, excluding the price of leasing the land, reported Dow Jones International News, citing a report in a local daily paper.
Possible sites for the supermarkets are likely to be towns with populations of over 100,000 people. The stores will target customers with medium to low incomes.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
