Russia

Russia's Magnit Sees 30% Uplift In Sales From Discount Arm

Magnit has said that sales in its 'My Price' discounter portfolio have shown a 30% like-for-like sales uplift, with the Russian retailer planning to increa...

Lenta Gains Approval For Billa Russia Takeover

Russian retailer Lenta has received approval from the country's Federal Antimonopoly Service (FAS) to proceed with the takeover of Billa Russia. The gro...

Russian Law On Bubbly No Cause For Competition: Abrau-Durso

Russian winemaker Abrau-Durso said a new law requiring bottles of French champagne and other foreign fizz to have a reference to 'sparkling wine' on the bo...

X5 Launches Media Platform Focused On Food

Russia's X5 Retail Group has launched food.ru – a new media platform focusing on food and related content. The website will feature content on rec...

French Champagne Industry Fumes Over New Russian Law

France's champagne industry group blasted on Monday a new Russian law forcing foreign champagne producers to add a 'sparkling wine' reference to the back o...

Magnit Issues 5m Magnit Pay Cards In First Seven Months

Russian retailer Magnit has announced that its payment service Magnit Pay has issued five million virtual payment cards since its launch in December 2020....

X5 Launches Mnogo Lososya In St Petersburg

Russian food retailer X5 Retail Group has announced the launch of Mnogo Lososya in St Petersburg, marking the dark kitchen chain's expansion outside the Mo...