Blog: Dean BestRetail giants look to Russia with love

Dean Best | 20 August 2008

It may be August but speculation over who is next looking to tap into the world's emerging retail markets continues to rumble on.

Last week, it was India's turn in the spotlight after Tesco's announcement of its tie-up with local conglomerate Tata Group.

This week, it's Russia's turn to take the headlines with rumours of further investment from Germany's Rewe and the ongoing speculation over who will buy a stake in local retailer Lenta.

The companies involved are perhaps naturally keeping their cards close to their chests but the speculation demonstrates how attracted the multinational retailers are to Russia's potential.

And with Russia's retail sector forecast to grow by 20% a year between now and 2010, no wonder the world's retail giants are watching the country with more than just a passing interest.


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