Source - SMW
Russian food retailer X5 Retail Group has signed a cooperation agreement with the Central Union of Consumer Societies of the Russian Federation (Centrosoyuz). 

X5 Retail said the partnership would encourage the development of retail trade in Russia's regions, supporting its social mission of cooperation with the consumer and the Centrosoyuz mission to secure the supply of affordably priced staples and other high-quality products to remote rural areas.

The group said the five-year agreement had the potential to lead to the opening of up to 1,000 new stores under the joint brand of COOP-Pyaterochka during the first three years of the project.