REWE Group expanding in Russia
Acquisition of 13 supermarkets in Moscow accelerates growth Expansion also extends beyond the Russian capital
"As a result of the acquisition of the Njam Njam supermarkets, we are continuing to expand our position in the group of the leading grocers in Moscow and are generating new momentum for our future organic growth," said Lionel Souque, the member of the Management Board of REWE Group Austria who oversees international business activities. "At the same time, we are underscoring the major role that Russia plays in our internationalization strategy."
In addition, the REWE Group is extending its expansion effort in the supermarket business beyond the Russian capital to the cities of Tula, Kursk and Voronezh.
In the ongoing fiscal year, the REWE Group is expecting sales in the Russian supermarket business to rise by about 40 percent, and is planning for further organic growth to be generated by up to 20 new markets in Moscow and the newly tapped Russian regions.
This year, the REWE Group will also open its first SELGROS Cash&Carry market near Moscow.
Founded in Cologne in 1927, the REWE Group (REWE, toom, PENNY, toom Baumarkt, ProMarkt, AtlasReisen, DER-Reisebüros, ITS, Dertour) is one of Europe's leading retail and tourist companies with a turnover of more than ¤45 billion, 300,000 employees and 13,000 markets in 16 countries. The business group generates about 30 percent of sales outside Germany.