Carrefour to reportedly open its own stores in Russia

The company had been widely expected by analysts to enter the Russian market through acquisitions, but now appears likely to open stores in its own name first, Vedomosti said, citing real estate consultants. Vedomosti said Carrefour has already bought a plot of land and has made arrangements to rent retail spaces in Rostov-on-Don and Krasnodar in southern
Russia, and plans to open its first hypermarket at the end of this year. A Carrefour spokeswoman confirmed the company’s intentions to be present in
Russia, but told Vedomosti that «the details are yet to be disclosed.»