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STAR Opens The 13th Supermarket In Yerevan

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  • STAR Opens The 13th Supermarket In Yerevan

    STAR OPENS THE 13TH SUPERMARKET IN YEREVAN

    ArmInfo
    2009-03-16 10:13:00

    ArmInfo. The biggest retail network of Armenia, STAR Company, will
    open its 13th supermarket in Yerevan on March 17.

    As Head of the Department of Shares of STAR Company Mariam
    Harutyunyan told ArmInfo, this supermarket is located in Arabkir
    community (instead of the former store "Partez") and, according to the
    multiformat network development concept, it will be in a metro format
    (with square of about 300 sq m). Both foodstuffs (90%) and non-foods
    (10%) will be presented in the supermarket.

    Executive Director of STAR Vahan Kerobyan has recently told ArmInfo
    that the Company schedules to open 2 supermarkets more in Yerevan
    till late, 2009.

    To note, the authorized capital of STAR as of early February, 2009,
    made up about $12.2 mln and the total capital - $20 mln. Today,
    STAR network, which has been functioning since 1998, numbers 12
    supermarkets (11- in Yerevan and 1 - in Hrazdan). STAR shareholders
    are Henri Zakharyan (71,7%) and the European Bank for Reconstruction
    and Development (28,3%).

    From: Emil Lazarian | Ararat NewsPress
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