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Retail Giant Magnit to Buy Premium Supermarket Chain Azbuka Vkusa for $490M

As part of the deal, Magnit will also acquire five kitchen factories and three distribution centers in Moscow and St. Petersburg, sources told RBC.

Moscow Court Awards Russia’s Wealthiest Woman Ex-Husband’s Stake in Online Retailer

Tatiana Kim divorced her ex-husband Vladislav Bakalchuk after a surprise merger with outdoor advertising firm Russ Group last summer.

Russian Discount Retailer Fix Price Expanding to Serbia

The move marks a rare case of a Russian company expanding into the European market since the full-scale invasion of Ukraine.

Business Lobby Urges Western Fashion Retailers to Return to Russia

Russia’s Shopping Centers Association said local retailers that replaced Uniqlo, H&M and Inditex have struggled to carve out a place in the market.

Ukraine War ‘Monopoly’ Game Goes on Sale in Russia

The game, called “Special Operation on the Outskirts,” casts up to six players as Russian battalion commanders.

Russia’s Sex Shops Decline as Industry Moves Online

Industry analysts said online retailers and beauty supply stores are increasingly dominating the adult product market.

‘Pure Hypocrisy’: Luxury Western Goods Line Russian Stores Nearly 3 Years After Business Exodus

In Moscow’s elite shopping districts, high-end department stores and upscale local outlets are bustling with sales of Western brands.

Alcohol Sales in Russia Reach Record High in 2024 – RBC

The increase in alcohol consumption coincides with a rise in alcohol dependency rates reported by Russia’s state statistics agency.

IKEA Sells Last Remaining Warehouse in Russia

The IKEA distribution center’s value is estimated at between $163 million and $183.5 million, industry experts said.

French Supermarket Chain Auchan to Sell Russian Business – Reports

Auchan’s Russian subsidiary dismissed the reports, calling them “rumors” that have circulated for years.

Russian Food Suppliers Warn of Price Hikes Up to 40%

Industry insiders blame high inflation and expensive loans, as well as the rising costs of shipping and raw materials.

Retailer Stockmann Buys Hugo Boss Russia

Stockmann was itself sold to local buyers by its former Finnish owners after Moscow annexed Crimea in 2014.

Russian Online Marketplace Avito Vanishes From Apple’s App Store

Avito, which is among the world’s most-visited classifieds websites, said it contacted Apple to find out why its app was no longer available.

Leroy Merlin’s Former Russian Business Changes Name

The first stores will be renovated by the end of this year, and the rebranding is expected to finish by 2025, the company said.

Home Appliances Made for Ukraine Sold in Russia – Kommersant

Retailers said that products intended for Ukraine were being sold through backchannels to Russia amid falling demand in the war-torn country.

Russia to Inspect Supermarket Chains for Egg Price Fixing

Among the major chains impacted by the inspections are the French-owned Auchan, stores operated by the X5 group, Magnit and Lenta.

French DIY Retailer Leroy Merlin to Cede Control of Russian Stores

The company has been accused of allowing pro-Kremlin activists to use its delivery network to supply the Russian military.

Swedish Clothing Giant H&M Shutters Last Stores in Russia

Swedish fashion retailer H&M announced on Thursday that it had closed its last remaining stores in Russia and Belarus, wrapping up its progressive...

Russian Online Retail Leaders Double Sales in 2021

Wildberries, Ozon and AliExpress Russia all expanded rapidly last year.

Rising Inflation Gives Boost to Russia’s Discount Retailers

Surging prices and weak wages are a win-win for Russia’s bargain stores, even as the wider economy slows.

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