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Wal-Mart may buy Russian hypermarket chain Karusel for $ 2 billion
Posted On: 16-02-2012 00:00:00 12

As per reports carried in the Russian newspaper, Delovoy Peterburg, Wal-Mart Stores Inc may acquire hypermarket chain Karusel from X5 Retail Group NV for $ 2 billion, to enter the Russian market. However, X5 has denied the news of such talks.

News carried in the latest issue of Kommersant newspaper reported that Wal-Mart hired former X5 Chief Executive Officer Lev Khasis as senior vice president and chief leverage officer last year and may hire former X5 commercial director Ekaterina Ishevskaya. Russian consumer goods analysts observed that the acquisition of Karusel would provide quick entry to Russia for Wal-Mart though the chain would have to create its own logistics and supply chain from scratch. Also that traditionally, X5 was never strong in hypermarkets.

 
 
 

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