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Lenta Rumoured to Launch 1st Store in Moscow in April
23.02.2013 22:52
Lenta Rumoured to Launch 1st Store in Moscow in April
Photo Credit: http://pln-pskov.ru

Lenta, Russia’s top 10 retail chain, is expected to launch its first supermarket in Moscow in April, according to Kommersant daily.


      
The debut store will open in the VDNKh shopping mall, boasting a trade floor of 1,500 sq m. 

      
Two more locations have not yet been revealed. 

      
In spring of 2012, Lenta began construction of a distribution centre in the Moscow Region, worth $50 million. 

      
Lenta owns a chain of 56 supermarkets, 16 of which are in St. Petersburg. The controlling stake belongs to TPG, a US investment firm.



Author: Mikhail Vesely

Tags: Lenta X5 Retail Group Russian retail sector   

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