Companies / Estonia
Kesko Sheds Baltic JV to Look Elsewhere
October 2006 | Company News AlertLeading Finnish retailer Kesko is exiting its 50/50 joint venture (JV) in the Baltics, despite rapid growth in the retail food sector in Estonia, Latvia and Lithuania. The deal gives ICA Baltic, a subsidiary of ICA Group in Sweden (in turn owned by Dutch retailer Ahold), control over the Rimi Baltics chain with around 200 stores in the three Baltic markets.
Sorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Emerging Europe Food and Drink Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Emerging Europe Food and Drink Insight please click on the trial link below.
