Russia

Russia's X5 Group Pilots New Jam Perekrestok Store Format

Russian retailer X5 Group has announced a pilot new store format for its Perekrestok banner, which boasts a smaller sales area and a range consisting entir...

Fix Price To Set Up ESG Committee

Russian retailer Fix Price is to sett up an Environmental, Social and Governance (ESG) Committee with with Alexander Tynkovan as its chairman.

Magnit Obtains Leasehold Rights For 56 Edelweiss Outlets

Russian retailer Magnit has announced it has reached agreement for the long-term leasehold rights for 56 stores currently operating under the Edelweiss bra...

Fix Price Extends Presence In Russia's Far East

Fix Price has announced the opening of its first store in Yuzhno-Sakhalinsk, on Sakhalin Island, extending its presence in Russia's Far East.

Wheat Hits Fresh Highs As Global Supply Fears Persist

Chicago wheat rose to a nine-year high while Paris futures notched fresh records as rising Russian prices and doubts over harvest quality in Australia kept...

Russia To Resume Beef, Pork Imports From Brazilian Producers

Russia will resume beef and pork imports from 12 subsidiaries of Brazilian producers from 25 November its agriculture safety watchdog said in a statement.

Russia's VTB Bank Fully Divests From Magnit

Russian lender VTB sold a 4.9% stake in food retailer Magnit via an accelerated bookbuilding (ABB) process at RUB5,700 ($78.28) per share, fully divesting...