X5 Group acquired the St. Petersburg holding company SOK Retail. bought 15 Prisma supermarkets in St. Petersburg
MOSCOW, June 16 – RIA Novosti. Russian retailer X5 Group (operates retail chains Pyaterochka, Perekrestok and Chizhik) knowledgeableFrom the Finnish holding SOK Retail, St. It bought 15 Prisma supermarkets in St. Petersburg.
“X5 Group … and Finnish conglomerate SOK Retail Int. Oy, which had previously announced that it was ending its business operations in Russia, have announced that they have reached an agreement to acquire X5, a company that manages the supermarket business (15 retail facilities) operating under St. “A culinary workshop alongside the Prisma brand in St. Petersburg” is called.
It is added that the Federal Antimonopoly Service of Russia approved the relevant application of X5 Group on June 15 this year.
The X5 was previously St. takes over the rights and obligations of a legal entity (excluding the rights to Prisma trademarks) operating the Prisma retail chain consisting of 15 stores in St. The supermarkets will continue to operate until mid-July after the necessary legal proceedings have been completed, minimal rebranding and stores have been filled with X5 inventory. “Practically all stores will be integrated into the Perekrestok retail chain,” the report says.
In addition, one of the terms of the agreement was the protection of jobs for the operational personnel of the Prisma network and the fulfillment of obligations to its main partners, including homeowners.
Source: Ria
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