FAS will approve the sale of the Russian unit of the German network to the group "Safmar" in the near future.
After buying Media Markt, the group "Safmar" Mikhail Gutseriev controls almost 30% of the domestic market of consumer electronics and household appliances. Now the group has to live up to its expectations for capitalization growth, focusing on improving efficiency, increasing profitability and developing the online sales channel.
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.
The group "Safmar" of the Gutseriev family is ready to purchase "Media Markt" stores in Russia.
The consumer boom is unfolding in Russia. By extensive shopping the population is trying to save the savings from devaluation and prepare for future growth in prices for imported goods.