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Food and Retail
En Az Ru
News
22/05
AZMECO AND SBERBANK SIGN MEMORANDUM OF COOPERATION

AZMECO’S EXPANSION PLANS SECURED WITH ADDITIONAL $1.5BN FACILITY.


AzMeCo and Sberbank have signed a Memorandum of Cooperation at the XVIII St. Petersburg International Economic Forum, which sets out the priorities and cooperation framework between the two companies.

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Food & Retail Division

PNN Group started its food and retail business in 2009 with the launch in Baku of a world-famous franchising project KFC, which was realized in a partnership with the "Yum! Brands" for the Azerbaijan Food Company (AFK). And the first KFC restaurant in Azerbaijan was successfully opened in 2011 at "Park Boulevard", the landmark shopping mall of the country’s capital. Next step in food and retail business was the launch in 2012 of the first KFC restaurant in Kyiv for the Ukrainian Food Company (UFC), and then the launch in Russia of a famous British chain "WHSmith" (2013).

 

After several inspiring steps in franchising, PNN Group launched its own large food and retail project under "Tsvetnoy BAZAAR" brand name. Located in downtown Moscow, at "Tsvetnoy Central Market", the company unites under one roof everything that can be associated with food. "Tsvetnoy BAZAAR" offers a wide range of high quality products from all continents and at the moment unites "Quzu" and "Piazza Italia" restaurants, "Vermishel" café and a market with food courts.

 

Today PNN Group has ambitious plans in food and retail segment, possessing large facilities and feeling power to make them happen. PNN Group’s food and retail division has a strong and experienced team of professionals, which is supported by the expertise and ideas of the other divisions of the Group.






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