Auchan Showing That Foreign Retailers Can Crack Russian Retail Market

摘要

We have often discussed our extremely positive view on the longtermngrowth potential of Russia’s organised food retail industry onnthese pages. Most of our focus has been on Russian retailers like X5nand Magnit, both of whom have grown ferociously over the pastnfew years. However, even though foreign retailers are by and largenconspicuously absent from Russia, which is certainly not the casenacross other areas of its food and drink, there is one international retailernthat has built up a really promising business. Unlike its Frenchnrival Carrefour, which entered Russia in 2009 only to pack up itsnbags a few months later, Auchan can call on excellent exposure tonone the most exciting retail markets in the world.