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Russian cosmetics retailer expands to Ukraine

      RBC, 11.05.2007, Moscow 19:28:04.Arbat Prestige, a major Russian cosmetics retailer, is set to launch at least 60 perfumery and cosmetics stores in Ukraine. According to a source in the company, Arbat Prestige ventured into Ukraine's market in late April 2007, opening five stores between April 29 and May 7, three of them in the capital. In May, the retailer is set to launch 15 more outlets. Arbat Prestige is mostly interested in the country's major cities such as Kiev, Kharkov, Dnepropetrovsk, Zaporozhye, Donetsk, Odessa, Poltava, Mariupol, Gorlovka etc.

      As of February 2007, Arbat Prestige operated 64 cosmetics stores, including 45 in the Moscow region and 32 in St. Petersburg. In 2006, the retailer boasted a commodity turnover worth $346m, up 44 percent from 2005.

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