date:Sep 30, 2019
sia: Х5 Supervisory Board approves transformation of hypermarkets format
X5 Retail Group (X5 or the Company), a leading Russian food retailer, announces its decision to transform its Karusel hypermarket format. The hypermarket format contributed 5.1% of the Company's revenue in 6M 2019 and 2.9% of X5's consolidated EBITDA for the same period. Currently Karusel consists of 91 stores, of which 42 are leased and 49 are owned. The decision to transform the hypermarket format is in line with the Com