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Russian Retail

Russian Oligarch Walks Away From His $8 Billion Retail Empire

Russian Oligarch Walks Away From His $8 Billion Retail Empire

In 1998, Sergey Galitskiy opened a small grocery in his hometown of Krasnodar, 800 miles south of Moscow. Over the next two decades he expanded that mod...

X5 Retail Expands Distribution Network As Online Business Grows

Russia's X5 Retail Group has announced plans to open two new dark stores in Moscow and St. Petersburg by the end of 2018, as the retailer expands its onlin...