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

  1. ↑ http://www.bloomberg.com/news/2014-01-23/x5-revenue-growth-accelerates-amid-slowdown-in-russian-retail.html
  2. ↑ http://www.vedomosti.ru/newspaper/article/246749/ostrov_dlya_x5
  3. ↑ http://www.x5.ru/ru/about/
  4. ↑ http://www.gazeta.ru/business/2013/04/12/5253249.shtml
  5. ↑ http://online.wsj.com/news/articles/SB10001424052748704156304576003074267697498
  6. ↑ http://www.vedomosti.ru/newspaper/article/129366/
  7. ↑ http://www.vedomosti.ru/companies/news/12479331/mihail_fridman_vstal_za_prilavok
  8. ↑ http://online.wsj.com/news/articles/SB10001424053111904103404576558902800704050

External links

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