German “Plus” Discount Chains will appear in Nizhny Novgorod, Dzershinsk and Kstovo

German company decided not to change its plans even considering financial situation in Russia. 25.Dec.14 3:05 PM By Svetlana Siuhina Photo nov-ost.info    1763

German company decided not to change its plans even considering financial situation in Russia. German Tengelmann Group is planning to launch its popular discount chain in Russia during 2015. Plus shops are popular with people who often buy different household products of such brands as OBI. Difficult relations between Russia and Germany did not turned out to be a problem for Tengelmann Group. The company is eager to develop its business in Russia. First shops are supposed to be opened in Moscow region in 2015. At the same time the company is planning to open more than 150 sops in this region by 2020. Total sum of investments in this project will be up to ˆ 0.5billion. “There are 9 building which are being constructed at the moment in Tver, Nizhny Novgorod, Kaluga, Tula, Dzershinsk, Stupino, Novomoskovsk and Kstovo”, - says director of CBRE department Mikhail Rogozhyn. Note: Tengelmann Group was founded in 1867. It is owned by Haub family which takes 286th place in the list of the richest people in the world in accordance with Forbes. It has approximately $2.8 billion. 72 thousand shops of this brand are currently operating in 15 countries worldwide. Total revenue in 2013 was ˆ7.82 billion.

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