Author Topic: Wal-Mart Looking at Russia  (Read 2699 times)

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Wal-Mart Looking at Russia
« on: January 12, 2009, 10:43:13 PM »
The Moscow Times 12 January 2009     

Wal-Mart, the world's largest retailer, has registered a legal entity in Russia and joined a local retailers' organization, the latest in a series of moves indicating its interest in expanding into the country.

The company registered a subsidiary under the name WM Eastern Europe Holdings and joined the Russian Association of Retail Trade Companies, or AKORT, which includes the 28 largest commercial organizations in the country.

"Wal-Mart is working on the Russian market," Ilya Belonovsky, the executive director of the 28-member industry group said Dec. 29. He declined to elaborate.