Russia's O'Key maps aggressive expansion plan

06/20/2013 | Bloomberg Businessweek

Russian retail chain O'Key will spend 50 billion rubles to expand its store space and plans to double its revenue by 2016. The company, which operates 85 hypermarkets, may prove an attractive acquisition target for Wal-Mart if the US-based retailer decides to re-enter the Russian market, said O'Key CEO Patrick Longuet.

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