Azbuka Vkusa postpones Ukrainian expansion

Premium class grocery retailer Azbuka Vkusa has decided to delay Ukrainian expansion till 2015. As PMR reported on previous occasions, in January this year the company was said to have started recruiting staff in Ukraine. However, in early October the management have announced about the postponement.

Instead, the company intends to focus on its business in Russia. At the beginning of 2013, the retailer announced a plan to open 15 outlets in the Moscow region and Leningrad Province within the next five years. At that time, the chain included 52 stores in Russia. The cost of the Russian expansion plans is estimated at $150m.

Azbuka Vkusa originally planned to enter Ukraine in 2007, but the economic recession put its expansion plans on hold.