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Spar will open cosmetics stores

A Greek company, Fresh Line, the competitor of The Body Shop and Lush selling natural component cosmetics, intends to reinforce its positions in the Russian market.

According to Vedomosti ("Gazette") the company sold the franchise for opening its stores to Dmitry Budakov, the major owner of Spar supermarkets in Russia. The Russian chain of Spar includes about 40 stores.

The businessman is determined to expand the field of his activity in the retail market and purchased the franchise for opening cosmetics stores from the Greek chain of Fresh Line. Opening of the first Fresh Line store in Moscow is expected to take place within the turn of the year.