X5 Retail Group Expands with Ready-to-Eat Acquisition

X5 Retail Group N.V. (GB:FIVE) has released an update.

X5 Retail Group N.V., a leading Russian food retailer, has acquired the Nice Ice ready-to-eat food business, including a smart kitchen with a high production capacity in the Leningrad Region. The facility is expected to bolster X5’s Food unit by expanding its ready-to-eat offerings, launching new product lines, and reducing costs, thus making their products more affordable at Pyaterochka and Perekrestok stores. X5 aims to increase its market share in the retail and HoReCa ready-to-eat market to 9% by 2026.

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