X5 Retail Group has finalised a strategic partnership with Krasny Yar and Slata groups, two of the leading retailers in Eastern Siberia. As part of the agreement, X5 acquired 70% of Krasny Yar’s and Slata’s businesses following the relevant approvals by the Federal Antimonopoly Service (FAS) of Russia. Once all FAS requirements are met, Krasny Yar Group will operate 232 stores with a total retail space of 98,200m², while Slata Group’s business will comprise 362 stores with a total retail space of 132,100m². Both retail chains will retain their brands and business models, while some processes will be integrated with X5 to achieve synergies, including in procurement and logistics.
Strategic oversight of the Krasny Yar and Slata chains will be carried out by a management company that was founded in August 2022 and represents X5 as well as both companies on its board of directors. The chains’ existing management teams will continue to manage their respective operations.
