Pyaterochka enters Volgograd Region
Volgograd, 25 September 2014
X5 Retail Group N.V. (“X5” or the “Company”), a leading Russian food retailer (LSE ticker: “FIVE”), announced today the opening of the first Pyaterochka economy class stores in the Volgograd Region. The Company’s presence in the region was previously limited to the Karusel hypermarket chain and a Pyaterochka franchisee, whose contract expired in the middle of 2013. The newly opened stores, as well as the chain’s further development in the Volgograd Region, will be managed Pyaterochka’s Southern Division.