FEB. 9 2015 (The Conway Bulletin) — In a major boost for the retail market in Tajikistan, Auchan, the French supermarket brand, has agreed to open up its first franchise in Dushanbe later this year.
Media said that Auchan had signed a deal with French distributor Schiever to manage the stores.
It did not report where exactly the store would open but it did say that it would stock mainly Russian produce and open in 2015.
Schiever already runs Auchan’s stores in Poland.
The news is, obviously, good for Tajikistan which has been short on positive economic news lately. It’s also a departure from the norm.
Headlines from Tajikistan recently have focused on major Chinese expansion but little investment from European retailers.
It will also shake up the Tajik retail sector which has been dominated by small shops selling goods of variable quality. The Auchan store will, according to press reports, be roughly the size of a football pitch.
The Auchan store project is partly financed by the European Bank for Reconstruction and Development (EBRD) which has expanded its portfolio of projects across the region. In 2014, the EBRD said, it invested 100m euro into Tajikistan.
ENDS
Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 219, published on Feb. 18 2015)