Russia

Ozon Unveils New IT Lab In St Petersburg

Online marketplace Ozon has announced the opening of a new IT lab in St Petersburg, at which it intends to employ more than 300 developers and engineers....

Russia's Fix Price Sets IPO Range, Market Cap Could Top €6.8bn

Russia's Fix Price has set its initial public offering (IPO) target range at $8.75-$9.75 per global depositary receipt (GDR), the discount retailer said on...

Fix Price Value Put At Up To $11.6bn By Arranger VTB, Sources Say

Fix Price's equity value was put at between 752 billion and 854 billion roubles ($10.2-11.6 billion) by VTB Capital, one of the banks arranging the Russian...

'Profitable Growth', M&A Activity In Focus For Russia's Magnit, CEO Tells ESM

Russian retailer Magnit is seeking to drive profitable growth from its existing assets, while also engaging in M&A activity that is value accretive...

Fix Price To Go Ahead With IPO On London Stock Exchange

Russian retailer Fix Price has confirmed that it will proceed with its plan to launch an IPO on the London Stock Exchange. According to CEO Dmitry Kirsa...

Russia's Magnit Targets Improved Profitability In 'Consumer-Centric' Strategy

Russian food retailer Magnit is focused on improving profitability between 2021 and 2025, driven by increased sales density and new technologies, the compa...

Cherkizovo Group Purchases Sausage Production Facility In Leningrad

Cherkizovo Group, Russia's largest meat producer, has entered into a preliminary agreement to purchase meat processing company LLC Pit-Product from the Fin...

X5 Emerges As Russia's Top E-Grocery Company In 2020

X5 Retail Group has emerged on top of the Russian online food retail segment in 2020 with a gross merchandise value (GMV) of RUB21.9 billion (€240 mil...