Volga | Retail, FMCG

Media Markt to open two $6m hypermarkets in Orenburg and Saratov

14 May '10
The federal household appliances and electronics retailer Media Markt intend to open two hypermarkets in Orenburg and Saratov, Kommersant reports.

Investment in the project has yet to be disclosed, but is estimated by experts at about $12m, or $6m in each hypermarket.

Under plans, Saratovs 3,900-square-meter Media Markt hypermarket is to open in Moy Novy (My New) mall in late 2010 early 2011.

The 3,900-square-meter store in Orenburg is reportedly to open in Gulliver mall in H2 2011.
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