Tkachev Agrocomplex to open over 20 stores in Moscow in 2024

KRASNODAR. Jan 22 (Interfax) - Tkachev Agrocomplex, which entered the Moscow retail market at the end of last year, plans to open two to three convenience stores per month in the Russian capital this year, the agribusiness group's director of retail, Alexei Khokhlov told Interfax.

"The agriculture holding plans to open two to three stores monthly in Moscow in the course of the year, starting in February. Further development of the retail chain in the region will depend on demand," Khokhlov said.

Concurrently, the group plans to continue expansion in regions where it has traditionally had a presence - Krasnodar and Stavropol territories and Rostov Region, he said, without specifying how many stores it will open this year in total.

The group opened its first Moscow store in the Filyovsky Park district at the end of December. The company said at the time that most of the products at its stores in Moscow and the surrounding region would come from its own distribution center in the Ramensky district.

The group's retail chain now includes 590 stores in Russia's Southern and North Caucasus federal districts and in Moscow.

Tkachev Agrocomplex, which is owned by the family of former Russian Agriculture Minister Alexander Tkachev, has 30 agribusinesses in Krasnodar Territory and Rostov Region. The group's main businesses are livestock and crop farming, processing of agricultural products, food production and retail sales. The company is one of the largest landowners in Russia.