Marta Holding, the Russian franchise of German retailer Spar Handels-AG, has announced its plans to invest US$50m in the opening of 13 new Spar stores in Moscow next year.

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Marta, which already operates four Spar stores in Moscow, expects that the new stores will increase sales from a projected $30m in 2002 to $100m in 2003, reported Dow Jones International.

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