Articles by Maria Solovichenko

Wal-Mart Continues Discussions on Buying Lenta

Wal-Mart is currently in discussions with TPG Capital, a private equity fund and owner of a 25 percent stake in St. Petersburg retailer Lenta, on the possibility of buying it shares, an executive at the Russian retail firm said.

Auchan Revealed as No. 2 Retailer

By retail sales volume, Auchan is the second largest company on the market, it has emerged.

Investment Banks Expect Dozens of 2010 IPOs

Dozens of Russian companies starved for new capital are rushing to plan their initial public offerings for this year, including retailer Victoria Group and fishing holding Russian Sea.

President, Government Argue About Trade Bill

The presidential administration harshly criticized proposed State Duma legislation on trade, saying it hardly touches issues of protecting the rights of consumers.

Retailers May Be Forced To Put Markups Online

But the changes to a State Duma bill on trade, introduced ahead of the bill's key second reading on Dec. 9, are opposed by retailers because they would be required to release their commercial secrets.

Carrefour Will Rent, Not Build, Retail Space

Karfur Rus, Carrefour's Russian division, is backing out of deals to buy land in the regions to build its hypermarkets, sources in several real estate consulting companies told Vedomosti.

IKEA Wins Ministry’s Help Resolving Investment Snags

IKEA could reverse its decision to freeze Russian expansion after the Economic Development Ministry promised to help solve several key issues, including the completion of its Mega complex in the Samara region, ministry and company officials said.

Moscow's Malls in State of Arrested Development

Less than half the shopping malls slated for completion in Moscow last year were actually opened, and even those retail centers that were finished on time will be fortunate to find tenants for half their space, according to Colliers International's annual report.