The co-owner of the ruined "Binbank" continues to seize retailers of household appliances and electronics in Russia. The goal is to create a mega-collective farm in the retail market, which will then be sold to Russian state-owned banks. For Russian consumers, this means the end of the era of competitive prices.
A year after the introduction of anti-Russian sanctions, Metro Group's revenue in Russia fell by 14% (to 3.6 billion euros). In the first half of the current fiscal year, sales decreased from 1.8 to 1.5 billion euros.
The group "Safmar" of the Gutseriev family is ready to purchase "Media Markt" stores in Russia.
The businessman bought the network for 33 billion rubles, and now sells it for his own "M. Video" for 45 billion rubles.
The networks of household appliances and electronics "M.Video" and "Eldorado", which are part of the "Safmar" group of Mikhail Gutseriev, are united.
Association of e-commerce companies (ACIT) hopes to tighten regulation of business.
Billionaire Mikhail Gutseriev virtually monopolizes the market in sales of consumer electronics and appliances in Russia.