O'KEY Group S.A. announced the expansion of its hypermarket business in the Moscow region. As part of a strategy to improve the efficiency of its hypermarket business and home in on the development in key regions of operation, the Group has signed an agreement with X5 Group to acquire and lease four Karusel hypermarkets in the Moscow metropolitan area, namely in the cities of Klin, Voskresensk, Sergiyev Posad, and Moskovsky. As a result of the deal the number of O'KEY stores in Russia's Central Federal District reached 25.

The selling space of the new stores, which take up 25,7 sq m both as standalone and mall-based stores, totals 14,900 sq m. Over the course of 1H 2022, the Karusel stores will be replaced with O'KEY hypermarkets with the selling space of 3,000 to 4,000 sq m. The emphasis will be on a rich and well-balanced selection of goods and a high-quality shopping experience. The stores will offer more than 30,000 food and non-food SKUs, including a wide range of fresh and ultra-fresh products. Customers will also get to enjoy fresh bread and pastries from the chain's own bakery, shop in the ready-to-eat section, and self-checkout to save time.

The Company expects the new O'KEY hypermarkets will foster the region's retail development for the benefit of consumers, suppliers and other market players.