Word: perekriostok
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...bigger Moscow supermarket operators, Seventh Continent and Pyaterochka, are already publicly listed on the stock exchange. Several rivals are expected to follow suit in the near future as they look to finance national expansion. The industry is also starting to consolidate. Last month, Pyaterochka agreed to merge with rival Perekriostok to form Russia's biggest food retailer, with almost 900 stores and sales of $2.4 billion. What's happening in Russia is very different from the experience in East European countries such as Poland and the Czech Republic. There, Western retailers rushed in as soon as they were allowed...
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