X5 Retail Group Plans To Constrain Rise In Prices

Analytical Information Agency:

X5 Retail Group N.V. Does not accept offers from suppliers concerning increase in the prices at food stuffs. As it is emphasized in the report of the company, X5 strictly adheres to the stipulated schedule of payments, but plans to increase the delay of payments up 20 days to those counterparts who insist on increase in the prices.

X5 Retail Group N.V. – the large retail network in the Russian Federation – is formed by the merge of TH “Perekryostok” and the retail network “Pyaterochka”. Within the limits of transaction Pyaterochka Holding got TH “Perekryostok” at the Alpha-group, investment fund Templeton and management of the network. In turn, the Alpha-group got the control share holding of the incorporated company. Pyaterochka Holding N.V. on May, 6th, 2005 placed at the London stock exchange 45968144 GDR on $598mln.

For March, 31st, 2008, the network “Pyaterochka” includes 731 own shops, including in Moscow – 321, in St.-Petersburg – 249, in the regions of Russia – 161. The network “Perekryostok” includes 183 own shops in the Russian Federation and Ukraine, including 108 in Moscow. Besides, the company operates 16 hypermarkets. For March, 31st, 711 more franchising shops of the company work in Russia and Kazakhstan.

Leave a Comment

Your email address will not be published. Required fields are marked *