BRIEF-Russia's Sistema says retail unit expands in India

  • Reuters
  • Stock Market News
BRIEF-Russia's Sistema says retail unit expands in India
Credit: © Reuters.

Jan 25 (Reuters) - Russian services conglomerate Sistema AFKS.MM SSAq.L says:

* Russian fashion retailer Concept Group, part of Sistema, has opened its second children's clothing store under the Acoola brand in New Delhi.

* The company plans to open a further 10 Acoola stores in India, including in New Delhi, Mumbai and Bangalore.

* Concept Group has a joint venture with India's Saamag Group to open Acoola stores in India, in which the Russian company owns a 49 percent stake and Saamag Group holds 51 percent.

Further company coverage: AFKS.MM

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