X5 Retail Group

A X5 convenience store in Moscow

X5 Retail Group is the second largest retailer in Russia.[1] As of 2012, the Moscow-based company had 2,545 stores and 109,000 employees.[2]

The company was created in May 2006 after the merger of the Pyatyorochka and Perekrestok food retail chains.[3] It was the country's largest retailer in terms of sales before being overtaken by Magnit in April 2013.[4] A rival grocer, Kopeyka, was acquired by X5 for $1.12 bln in 2010.[5] X5 also operates the Karusel hypermarket chain.

X5 Retail is listed on the London Stock Exchange under the ticker symbol FIVE. In July 2007, it had a market capitalisation of $7.7 bln.[6]

The company's main shareholder is Alfa Group (47.86%).[7] Lev Khasis, who ran X5 Retail from 2006 to 2011, is the Senior Vice-President and Chief Leverage Officer at Wal-Mart Inc.[8]

References

External links

This article is issued from Wikipedia - version of the 9/14/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.