Russian discounter eyes expansion in Middle East ...News

Russia Today - Economy
Russian discounter eyes expansion in Middle East
source : Russia Today ( News ) () 23
Fix Price is set to open its first stores in the UAE as early as next year Russian discount retailer Fix Price is planning to open its first outlets in the United Arab Emirates, company CEO Dmitry Kirsanov announced on Thursday.  According to the chief executive, the first stores are expected to appear in the Gulf state as early as next year.  Kirsanov pointed out that the retailer had continued to expand internationally in the second quarter of the current year by opening its first stores in Armenia under a franchising program.  “We see significant potential to expand our brand into high-potential markets,” he ex

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