"Ramstore Plans 10 Outlets
By Yekaterina Dranitsyna
Staff Writer
By the end of 2006 Turkish retailer Ramenka will have 10 supermarkets and hypermarkets operating under the Ramstore brand in St. Petersburg, the company said Friday, opening its third Ramstore in the city.
Ozgur Tort, deputy director of Ramenka, said the company will invest $60 million in the expansion during this year, adding two more stores. The Turkish retail plans to spend more than $160 million on expanding the chain in St. Petersburg, aiming for a 10 percent market share."
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