The Russians Are Coming ... To Florida

AgroTrade International said it could have 400 stores and $1 billion in sales within four years, according to various job postings by the group. The launch is backed by a $500 million investment from the private Dutch investment fund that launched Russia’s X5 Retail Group, including the discount chain Pyaterochka and the Karusel chain of hypermarkets. Andrei Rogachyov, who founded those chains and remains an investor in X5, is separately heading AgroTrade International, according to a report in the Moscow Times newspaper.

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Tags: retail
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