In 1995, the first Perekrestok store was opened in Moscow. In 1999, Pyaterochka retail chain was founded and the first store was opened in Saint Petersburg. In 2005, Pyaterochka completed an IPO on the London Stock Exchange.
X5 was founded in May 2006 after the merger of the Pyaterochka and Perekrestok retail formats. In 2008, X5 acquired the Karusel hypermarket chain.Other major acquisitions included: 82 Paterson supermarkets , more than 660 Kopeyka stores , 103 Pokupochka stores in the Samara region , 104 stores owned by the Rosinka Group in Southwest Russia and 100 stores owned by the Soseddushka retail chain in the Orenburg region and 99 Polushka stores in Bashkortostan , as well as 85 stores Telezhka, Tverskoy kupets and Volny kupets in four regions . In 2018, X5 GDRs started trading on the Moscow Exchange.
