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TENGELMANN WARENHANDELSGESELLSCHAFT KG

Tengelmann Group vows to open 12 stores this year and a total of 150 by 2022

Germany’s Tengelmann Group, which has already been developing a chain of OBI home improvement hypermarkets in Moscow and a number of other cities, is planning to launch a chain of Plus discount grocery stores by the end of 2015 by opening its first 12 stores, the Group’s spokesperson Justine Tsagalak told Vedomosti.

The Moscow, Tula and Nizhny Novgorod regions will get three Plus stores each, while Kaluga, Tver and Murom will get one each, Plus Discount’s spokesperson Olga Ermakova explained. All stores will be located in stand-alone buildings with an average retail space of 940 square meters each.

As of the end of 2013 the group had 4,151 stores under management, including 3,245 in Germany.

The company is planning to open 150 grocery stores in Russia by 2022, Justine Tsagalak said. OOO Plus Development intends to open 150 stores in the area surrounding Moscow alone over the next few years and to invest around €450 million in the project, Vice Premier of the Moscow Region Government Alexander Chuprakov told Vedomosti.

According to Infoline-Analytics CEO Mikhail Burmistrov, ten international companies at most operate in Russia’s grocery retail market at present. These include France’s Auchan Groupe (the Achan and Atak chains), Germany’s Metro Group (Metro Cash & Carry) and Rewe Group (Billa), Switzerland’s COOP-Group (Selgros Cash & Carry), and Finland’s Stockmann Group (with eponymous stores), Kesko (K-ruoka) and Sok Retail Inc. (Prisma), according to the expert. Yet none of those companies operate discount stores with a limited selection, he pointed out.

15 June 2015
Vedomosti
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TENGELMANN WARENHANDELSGESELLSCHAFT KG

Germany

Company's website: www.tengelmann.de

T: 02 08 / 58 3 – 0

Private company

E-mail: service@plus.de

Contact: Christian W. E. Haub, CEO

Founded in 1867, Tengelmann Group operates in 17 European countries and reported a revenue of €7.82 billion in 2013. Besides the OBI stores, Tengelmann manages the KiK apparel store chain, Kaiser’s grocery supermarkets, and a number of online retailers, such as the plus.de web store. The group also owns equity stakes in the Netto and TEDi discount store chains. As of the end of 2013 the group had 4,151 stores under management, including 3,245 in Germany.

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