Connect with us

Hi, what are you looking for?

European Union

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.

Advertisement

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.

Comments

You May Also Like

United Kingdom

Film director Ridley Scott has recalled the death of actor Oliver Reed while making the Oscar winning blockbuster Gladiator. Scott said hard-drinking Reed “just...

Business

The controversial Russian businessman Viktor Baturin, well-known for his years-long counterstanding with his wealthy sister Elena, widow of Moscow ex-mayor Yuri Luzhkov, is likely...

United Kingdom

The Tremeloes. Dave Munden centre Dave Munden the Tremeloes drummer – and often lead singer – with the 60s chart toppers has died. He...

United Kingdom

The Watneys Party Seven is making a comeback. The ubiquitous 70s beer was a bland fizzing bitter ridiculed by many. The drink’s insipidness helped...