X5 Retail Group

Leading Russian food retailer X5 Retail Group has announced plans to sell its Perekrestok Express stores in Moscow and refocus on its other three major store formats. According to the retailer, the smaller format convenience stores will be divested as the company seeks to concentrate its efforts on its Pyaterochka proximity stores, Perekrestok supermarkets and Karusel hypermarkets. Igor Shekhterman, X5 Retail Group CEO, said: “Convenience stores like those that Perekrestok …