"MegaFon" and "VimpelCom" could not agree on who will own the Euroset brand and decided to simply freeze it. But others can not use it.
The shareholders signed an agreement on the deal. The combined network will include more than 5,000 stores.
Perhaps, the deal will be followed by the merger of the retailer with Euroset.
The merged company may become the second largest in the number of stores.
The mobile operator is ready to consolidate 100% of the retailer.
MegaFon will acquire a 50% stake in Euroset from VimpelCom and will own up to 100% of its shares. VimpelCom will buy half of the retail outlets of the chain.
This will happen if MegaFon will accept the offer of VimpelCom.
Over the last two years, retail sales decreased by 12%, while net profit fell almost five times.
Due to the decrease in wine sales, Hedonism Drinks is trying to increase sales of other alcoholic beverages.
Kompania remembered the most famous businessmen who have gone abroad over the last five years.
Who now controls the Russian mobile retail.
The largest creditors of Insurance Company Russia owned by the Ukrainian millionaire Victor Pinchuk were Russian Union of Insurers, Euroset and even Gen Re owned by Warren Buffett.
The transition from mass retail to the premium sector turned out to be hard for the famous entrepreneur. The experts confirm that in the low-price wine segment in the UK the situation is better than in the boutiques.