OREANDA-NEWS. On 16 May 2008 was announced, that according to the strategy of supermarket expansion of the “Seventh Continent – Five Stars” format the Company announces an opening of the new “Gastronomy” store. The new store is located at the following address: Presneskiy val, building 30.

In the store with the selling space of 570 sq. m, customers will find more than 10 000 SKUs of convenience and exclusive products. Moreover, variety choice of wines from France, Italy, Argentina, Chile, Germany and other countries is presented in the “Gastronomy” store.

JSC "The Seventh Continent" invested in this project approx. USD \\$ 1 mn.

As of the end of April 2008, the “Gastronomy” stores are located in Moscow and Moscow region at the following addresses: Arbat street, 54/2; Shopping mall “Atrium”, Zemlianoi val, 33; Shopping mall “Okhotny ryad”, Manejnaia square, 1 / 2  ; Shopping mall “Gorky-10”, Rublevskoe highway, 24 km.

JSC “The Seventh Continent” was established in 1994 and today is an international retail chain and one of the leading Russian national chains. The Company operates in two major formats: supermarkets and hypermarkets. As of the end of April 2008 the Company has stores in Moscow and Moscow region (113 supermarkets and 3 hypermarkets), in Kaliningrad region (11 supermarkets), in St-Petersburg (1 hypermarket), in Ryazan (1 hypermarket), Chelyabinsk  (1 hypermarket) in Minsk, Belorussia (1 hypermarket), in Perm (1 supermarket and 1 hypermarket) and in Yaroslavl (1 hypermarket).

According to the audited financial statements, prepared in accordance with International Financial Reporting Standards, in 2007 total revenues of the Company were USD 1 272.9 mn., net income USD 99.2 mn.