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Former shareholders sell their 30% stake in Russia’s largest children’s goods retailer Detsky Mir

A consortium led by Alexey Zuev, the founder of kids goods retailer Korablik, has acquired a 29.9% stake in Detsky Mir, the top children’s goods retailer in Russia and Kazakhstan. 

The purchase was made from former Detsky Mir shareholders Pavel Grachev and Mikhail Stiskin, who have sold their entire stake in the company.

Both Pavel Grachev and Mikhail Stiskin have previously resigned from the company’s Board of Directors. 

“I am confident that the Company is strongly positioned to bolster its market leadership and broad regional ambitions while our industry continues to evolve at a rapid pace. Taking into account the Company’s well-established business model and its importance for the entire Russian children’s goods industry, I fully share the Company’s focus on organic growth and support its proposed transformation into a private business”, commented Mr Zuev.

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In 2022 Pavel Grachev and Mikhail Stiskin also left their posts as CEO and senior vice president, finance and strategy, respectively, at a major Russian gold miner Polyus and resigned from its Board. Last year, Pavel Grachev also left the boards of Federal Grid Company and RusHydro. He is also no more in the Russian Union of Industrialists and Entrepreneurs.

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