What a wonderful little news item for this Monday…
Wal-Mart Stores Closing Its Moscow Office
It seems that Wal-Mart has pulled out of the attempt to enter the Russian market after Wal-Mart which been in acquisition talks with discount chain Kopeika failed. Kopeika was bought earlier this month by X5 Retail Group, Russia’s largest supermarket operator… 🙂
Past readings about Wal-Mart from Windows to Russia…
http://windowstorussia.com/french-auchan-is-russias-king-retailer.html
http://windowstorussia.com/russia-and-wal-mart-have-started-dance_12.html
http://windowstorussia.com/russia-wal-mart-next_20.html
Windows to Russia!
- Wal-Mart Stores closing its Moscow office (usatoday.com)
- Wal-Mart Stores closing its Moscow office (seattletimes.nwsource.com)
- Is Walmart Giving Up On The Russian Market? (huffingtonpost.com)
- Wal-Mart shuts business office in Moscow (marketwatch.com)
- Walmart Announces Closure of Moscow Office (prnewswire.com)
- Two Russian Grocers Move to Thwart Wal-Mart (nytimes.com)