STAR ALREADY OPERATES IN ARABKIR TOO

ArmInfo
2009-03-18 00:34:00

ArmInfo. STAR company, the largest retail network of Armenia, opened
a new supermarket in Arabkir community, Yerevan, in the place of the
former store "Partez", Tuesday.

This is the 13th supermarket in the STAR network and is considered
to be the fourth in the metro format according to the multi-format
conception of the network development. About 4000 names of food (90%)
and non-food (10%) commodities are represented in the given store,
which occupies an area of 200 sq.m. The company invested $440 thsd
in opening of this supermarket.

In his felicitation Deputy Head of Arabkir community administration
Harutyun Khachatryan expressed his content with the opening of the
given supermarket in Arabkir. "I am sure the residents of our community
will make use of STAR services with pleasure",- he stressed.

For his part, STAR Executive Director Vahan Kerobyan said it was very
pleasant to launch the area of the former store "Partez" for the
supermarket, which completely meets all international criteria. He
added that the company intends to open another supermarket in Arabkir
and in the center of Yerevan in 2009.

Representative of the European Bank for Reconstruction and Development
(EBRD) Artashes Tonoyan pointed out that the opening of the new STAR
supermarket proves the efficiency of joint cooperation under the
crisis conditions. "We are looking forward to opening of the 14th
STAR supermarket",- he stressed.

The STAR shareholders are Henrik Zakaryan (71,7%) and EBRD (28,3%).