According to Russian reports, the Omega 97-owned grocery chain Paterson plans to invest around US$35m in new store openings in the coming year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Alexei Ivanov, director of corporate communications, was quoted in Prime-TASS News as saying that Paterson plans to expand its chain by 34 stores. The company has also considered the possibility of acquiring other grocery chains, Ivanov said.


The company currently operates 69 outlets, 29 of which are in Moscow and the Moscow Region. Paterson reported 2005 sales of US$302m, and the company has predicted sales growth of 30% in 2006.

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