LONDON — Debenhams, Britain's No. 2 department store group by sales, will open its first store in Russia in September.
It will open a 35,000-square-foot store at the MEGA Belaya Dacha with franchise partner Debruss, the companies said Wednesday.
The company plans to open seven more stores in Russia over the next five years, a number that could rise if it finds the right locations, said Lucy Haine, Debenhams International's senior business manager. Russia was Europe's second-biggest retail market with 2011 sales of $621 billion.
(Reuters)
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