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Founder of Eldorado opts for shoes
08.08.2013 4407

Founder of Eldorado opts for shoes

The founder of "Eldorado" Igor Yakovlev sold Ukrainian stores in order to use the proceeds to develop his Kari shoe network in Ukraine, Russia, Kazakhstan and Poland. The sale of the brand of the chain and 90 Eldorado stores was closed in the last ten days of July. The buyer was Viktor Polishchuk, the owner of the Technopolis chain.

Igor Yakovlev plans to open about 200 Kari stores in Ukraine, Russia, Kazakhstan and Poland by the end of the year. Now the network unites about 450 outlets, more than $ 200 million was spent on its development. Next year the company will focus on increasing the profitability of Kari stores.

Recall that in the fall of 2009, Igor Yakovlev lost control of the Russian network "Eldorado". The controlling stake passed to part of the debt to the Czech PPF group and the Italian insurance group Generali. Mr. Yakovlev left the Russian business of Eldorado in the fall of 2011, selling the remaining 50% of PPF shares. At the same time, Igor Yakovlev began looking for a buyer for the Ukrainian asset.

The founder of "Eldorado" Igor Yakovlev sold Ukrainian stores in order to use the proceeds to develop his Kari shoe network in Ukraine, Russia, Kazakhstan and ...
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