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Haykakan Zhamanak: Oligarchs' Supermarkets Put End To Shops

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  • Haykakan Zhamanak: Oligarchs' Supermarkets Put End To Shops

    HAYKAKAN ZHAMANAK: OLIGARCHS' SUPERMARKETS PUT END TO SHOPS

    tert.am
    17.10.12

    Fifty-five of Yerevan 180 supermarkets are owned by seven companies.

    The STAR chain has 30 supermarkets, with the Yerevan City chain
    reporting the highest sales.

    A survey conducted by MPG LLC, the official and exclusive partner of
    the world-renowned research company GALLUP International Association,
    showed that 73.4% of Armenian consumers make purchases at supermarkets.

    This is a clear proof that supermarkets, which are mostly owned by
    oligarchs, have swept away shops.

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