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Fix Price plans to expand business in Uzbekistan BUSINESS 10:16 / 06.03.2021 5672
The chain sees potential in opening more than 3.8 thousand of its stores in Belarus, Kazakhstan and Uzbekistan.
Considering that at the end of December 2020 the retailer had 143 stores in Belarus, 77 in Kazakhstan and 15 in Uzbekistan, the new plan assumes an increase in the number of outlets in these three countries by almost 12 times.
Expansion of Fix Price to these countries is no coincidence: given the large capacity of local markets, there is practically no competition in the segment of civilized trade, says Vasily Karpunin, head of the information and analytical content department of BCS World of Investments.
Russian retailer Fix Price prepares for its London listing thetimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetimes.co.uk Daily Mail and Mail on Sunday newspapers.
Jake Rudnitsky, Bloomberg News Customers wearing protective face masks browse the homewares aisle inside a Fix Price discount store in Moscow, Russia, on Friday, Oct. 30, 2020. Russiaâs biggest dollar-store retailer plans to build on the previously unreported sale of a minority stake to the Goldman Sachs fund, according to Fix Price founder Sergei Lomakin. Photographer: Andrey Rudakov/Bloomberg , Bloomberg
(Bloomberg) Fix Priceâs initial public offering in London and Moscow will raise at least $1.7 billion, on track to be the biggest listing from a Russian company in more than a decade, possibly prompting more share sales from local issuers.
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