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 business empire of Mikhail Gutseriev and his nephew, Mikhail Shishkhanov, is bursting at the seams. The main problem, the debt burden, cannot be solved.
It was decided to close the retailer's Internet store.
Probably the new owners of the trading network urgently needed to return a bank loan.
Billionaire Mikhail Gutseriev virtually monopolizes the market in sales of consumer electronics and appliances in Russia.
The seller of home appliances and electronics Eldorado is put up for sale, discovered RBC. The main contender for the purchase is said to be Safmar Group owned by the Gutseriev-Shishkhanov family, which could unite Eldorado and their own Technosila.
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.