Russia's M.Video to spend $350 million on store openings, development
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MOSCOW :Russian consumer electronics retailer M.Video-Eldorado said on Friday it would spend an extra $350 million on store openings, expanding into new cities and growing online sales in the first half of 2025 as it implements its three-year strategy. Sanctioned state-owned defence sector lender Promsvyazbank is in talks to buy M.Video, the Kommersant and Vedomosti newspapers reported in January, citing sources who said a sale could help M.Video solve growing debt problems and draw a major
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