X5 Retail Group strikes deal to expand locker network | Progresiv

Russia’s X5 Retail Group and private bank Sovcombank have forged a joint venture that will substantially grow X5’s parcel collection locker network in the country.

X5 has acquired a 50% stake in TsTB, a company currently fully owned by Sovcombank, which has a network of 500 parcel lockers operating under the Halva brand in Moscow, St Petersburg, Nizhny Novgorod and other major Russian cities.

Halva lockers will now be installed at Pyaterochka and Perekrestok stores, with a planned 1500 locations targeted by end-2019. (www.kantarretailiq.com)