Detsky Mir Group announced a deal to acquire real estate with Evromagazin 21 Century LLC, a member of the Sberbank group of companies, to open a flagship store in Moscow on Novy Arbat. Investments in the purchase of real estate amounted to about 1 billion rubles.
The opening of the flagship store Detsky Mir on New Arbat is planned for the second half of the 2019 year. The area of the premises located in the building of the former shopping center “Valdai” is 3 642,5 sq. m
“I am convinced that the many years of experience of Detsky Mir in the market of children's products and the latest retail solutions will allow us to create a unique store for children, which will be among the sights of the capital, where under one roof it will be possible not only to purchase children's products, but with interest and pleasure to spend time with children, ”said Vladimir Chirakhov, CEO of Detsky Mir Group
Earlier, Detsky Mir Group of Companies, according to three sources on the commercial real estate market, planned to close its flagship store in Vozdvizhenka. The store occupies two floors of the former Voentorg building.
Group of companies "Detsky Mir" combines the national retail network of Detsky Mir stores, the ELC chain of stores in Russia and ABC, and the Zoosaurus network of pet products. According to December 31 2018 data, the Detsky Mir chain of stores is represented by 673 stores in Russia and Kazakhstan, located in 237 cities of Russia and 15 cities of Kazakhstan. In accordance with the audited IFRS data for 2018, the group’s revenue amounted to 110,9 billion rubles, adjusted EBITDA amounted to 12,7 billion rubles, and adjusted profit amounted to 7,2 billion rubles. Shareholders of the Company: PJSC AFK Sistema - 52,10%; Russian-Chinese Investment Fund (RCIF) - 14,03%, other shareholders owning less than 5% of the shares - 33,87%.