RUSSIA: Auchan to invest 190 million euros in its Russian operations | Progresiv

Auchan has announced its plans to invest 15 billion roubles (approximately 190 million euros) in Russia in 2016. The retailer plans to open 10 Auchan hypermarkets and 40 Atak supermarkets. In 2015, the retailer has opened eight hypermarkets in Russia with an investment of 11 billion roubles (139 million euros).

The French retailer Auchan entered Russia in 2002 and currently operates 92 stores: 58 classic hypermarkets, 27 Auchan City hypermarkets and seven Nasha Raduga hypermarkets.

According to Interfax, Auchan Russia reported revenue of 313 billion roubles (3.95 billion euros) and a net profit of 12 billion roubles (151 million euros) in 2014. (www.kantarretailiq.com)