LONDON — Russia will undergo massive change and report major growth over the next five years, but, unlike other emerging economies, it has plenty of strong, home-grown players who will provide stiff competition to any international operators entering the Russian market, one local retail chain executive said last month. Speaking at the IGD Global Retailing conference, Antonio Melo, chief operational officer of X5 Retail Group — the leading Russia-based food retailer — warned overseas grocers ...
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