IFC committed up to US$25m to Anglesey Food LLC, operator of the Korzinka brand. Financing supported a green distribution centre and further store-network expansion.
The investment was expected to help create more than 42,000 direct and indirect jobs, including through the supply chain. Korzinka planned to apply EDGE green-building and Gender EDGE standards. At announcement, Korzinka operated 128 stores across 12 regions.
The deal illustrated scalable growth capital for a domestic consumer platform and brought green-building and gender metrics into mainstream corporate financing.
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