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Walmart acquires Russian retailer

6/22/2010

Walmart ended years of speculation today when president and CEOMike Duke at a press conference in Moscow announced the retailer had acquired the 149 unit Stoli chain of Vodka superstores. The acquisition stuck industry observers as unusual, but Duke asserted that the deal made strategic sense for the company and fit with the company's strategy of saving people money so they can live better.

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