LONDON, October 7 (RIA Novosti)
UK-based tires and exhausts firm Kwik Fit is planning to use its brand to launch in the Russian market, The Telegraph reported on Sunday.
The expansion plans were announced by Kwik Fit’s Managing Director Kenji Murai in his first interview since the firm was taken over by Itochu, Japan’s third largest trading house, for 623 million pounds ($1.02 billion) last year.
"We're interested in Russia and Eastern Europe because Itochu has an operation there for tire retail and wholesale under different brand names," he said. These will become Kwik Fits "because Kwik Fit is an Itochu leader brand now."
Murai said Itochu had 15 branches in Russia but was going to expand and "could easily" reach 200 to 250.
Asked if he thought Russians would be able to pronounce the new name, he added: "Yes, of course. Kwik Fit has a nice sound. Kwik Fit is easy for them."
Add to blog
You may place this material on your blog by copying the link.
Image Galleries: Yury Gagarin: Life of the First Man in Space in Pictures
Infographics: Sledge Hockey
The unconstitutional takeover in Ukraine was the toughest, consistent and so far most effective Western counterattack launched amid the ongoing struggle for a fairer world order. Only the naïve believe that the United States and Europe will willingly share their right to rule the world, though their belief is worthy of respect.