Rewe Austria to Expand in Russia

CompaniesRetail & Consumer ♦ Published: October 22, 2012; 20:12 ♦ (Vindobona)

Rewe Austria intends to open ten new stores in Russia per year. Besides Russia, the Ukraine and Romania are main target markets.

Rewe Austria to Expand in Russia / Picture: © Rewe Group

According to Janusz Kulik, CEO of Rewe International, the Austrian supermarket chain Billa will continue its expansion program in Russia. At the moment, Billa operates 72 branches in Russia. Last year, turnover came at € 500m. The turnover figure was up by 14.6%. Kulik explains that the profits in Russia are significantly above the average.

“The markets in central and eastern…