Nordic Business Report-September 15, 2006-Rautakesko expands in Russia
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Finnish trading house Kesko Corporation said on Friday (15 September) that its subsidiary Rautakesko is expanding its operations in Russia by opening a new K-rauta hardware and builders' supplies store in St. Petersburg.
The outlet to be opened on 16 September is the sixth store of the chain in St. Petersburg.
Rautakesko plans to continue development in Russia by opening more stores that comply with the international K-rauta concept. Another K-rauta store will be opened in St. Petersburg in December 2006 and two more in 2007.
Rautakesko has said that it plans to grow the K-rauta network in St. Petersburg to comprise 10-11 stores, while 8-10 outlets will be opened in and around Moscow in the next few years.
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