Russian businessman Vladimir Nekrasov has bought back 40% of his cosmetic retail chain Arbat Prestige from investment company Troika Dialog for $400 mln. Nekrasov said he is planning to open 300 new stores of the chain in 2007 in Russia, which will add to the existing 64 ones at present. A further 60 stores will be opened in seven Ukrainian cities including Kiev, Donetsk, Kharkov, Dnepropetrovsk, he added, for a combined investment of $100 mln. The stores will be of a smaller size compared with the existing ones, ranging from 150 m[sup]2[/sup] to 700 m[sup]2[/sup].
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