THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail HR Summit
THE Retail Conference
Retail HR North 2025
Retail Ecom North
Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Mikhail Fridman buys 54% stake in Russian supermarket chain Pyaterochka for $1.17bn

Pyaterochka is merging with Alfa’s own supermarket chain, Perekriostok, to create the clear leader among the country’s supermarkets. Fridman, Russia’s fourth-richest man with a fortune of… View Article

GENERAL MERCHANDISE NEWS

Mikhail Fridman buys 54% stake in Russian supermarket chain Pyaterochka for $1.17bn

Pyaterochka is merging with Alfa’s own supermarket chain, Perekriostok, to create the clear leader among the country’s supermarkets.

Fridman, Russia’s fourth-richest man with a fortune of $9.7 billion, was quoted as saying in a U.K. newspaper report that the growth rates in the retail sector were higher than all other sectors of the economy. “The prospects in this sector are virtually limitless,” he added. David Noble, the non-executive chairman of Pyaterochka, thinks the newly merged company will lure a foreign buyer, such as U.K. retail giant Tesco or France’s Carrefour. Fridman acknowledged this: “Of course we’re open to offers, but my gut feeling is we won’t get the right price for a few years, while the company is growing fast,”

Subscribe For Retail News