January 25, 2018 / 8:48 AM / 3 months ago

BRIEF-Russia's Sistema says retail unit expands in India

Jan 25 (Reuters) - Russian services conglomerate Sistema says:

* Russian fashion retailer Concept Group, part of Sistema, has opened its second children’s clothing store under the Acoola brand in New Delhi.

* The company plans to open a further 10 Acoola stores in India, including in New Delhi, Mumbai and Bangalore.

* Concept Group has a joint venture with India’s Saamag Group to open Acoola stores in India, in which the Russian company owns a 49 percent stake and Saamag Group holds 51 percent. Further company coverage: (Reporting by Moscow Newsroom)

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