Russia's X5 looks into ramping up investment plans

09/15/2010 | Reuters

Russian retailer X5, the country's largest food retailer by sales, is looking to increase its investment in new stores as it expects a recovery in consumer spending. "We will recommend our supervisory board approve a considerably more aggressive investment number for next year, allowing us to achieve a significantly higher rate of organic growth than we currently have," said CEO Lev Khasis.

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