Retail

IKEA launches online sales and builds giant distribution center in Russia

May 19, 2017

Illustrating the appeal of the Russian e-commerce market, IKEA Russia has made a substantial part of its assortment available online to the inhabitants of Moscow, Saint Petersburg and their surrounding areas, as well as of several cities of Siberia, the Far East, the Central and Northwestern federal districts. Launched in late April, online sales will be expanded later …

IKEA launches online sales and builds giant distribution center in Russia Read More

Alisher Usmanov invests $8 million in tax data operator OFD.RU

October 28, 2016

USM Holdings, a company controlled by Russian billionaire Alisher Usmanov, is about to invest 500 million rubles (approximately $8 million at the current exchange rate) in tax data operator OFD.RU. The news was reported earlier this month by business daily Kommersant, based on exchanges with representatives of both companies. The funding will be spent on …

Alisher Usmanov invests $8 million in tax data operator OFD.RU Read More

iPhone 7 goes on sale in Russia

September 26, 2016

Sales of the long-awaited iPhone 7 and iPhone 7 Plus smartphones officially start in Russia today, Sept. 23. New Apple smartphones will be on sale in retail networks of Russian cellphone operators (MTS, Megafon and Vimpelcom) as well as networks of large Russian retailers of electronics and home appliances. Apple presented iPhone 7 smartphone in San …

iPhone 7 goes on sale in Russia Read More

L’Oréal Group launches mono-brand e-commerce sites in Russia

August 12, 2016

Now Russian Yves Saint Laurent aficionados may purchase perfumes and cosmetics in the brand’s official online boutique, which was launched last month. Four other mono-brand e-boutiques — Lancôme, Urban Decay, Kiehl’s and Clarisonic — have also been launched recently; another one for Armani will be online by the end of this year, Ekaterina Golovanova of L’Oréal Luxe said in …

L’Oréal Group launches mono-brand e-commerce sites in Russia Read More

Russia files case against Apple on allegations of price-fixing

August 9, 2016

Russia’s Federal Anti-monopoly Service (FAS) has filed a case against US tech giant Apple on allegations of price-fixing. A number of retailers are continuing to sell the iPhone 6S, 6S Plus, and other models at the same price as when the phones were released in October 2015, the FAS claim. Some 16 Russian companies are alleged to be involved in the case, including MTS, M.Video, Beeline, Eldorado, Euroset, Media …

Russia files case against Apple on allegations of price-fixing Read More

Sistema Asia Fund invests in Indian gifting card startup

August 5, 2016

QwikCilver, a Bangalore, India-based provider of gifting card solutions, has raised $10 million in a new round of funding led by Russian fund Sistema Asia Fund, reports The Economic Times. Previous investors in QwikCilver — including Amazon Asia-Pacific, Accel India and Helion Venture Partners — also participated in the round, but their respective contributions has not been …

Sistema Asia Fund invests in Indian gifting card startup Read More

Mitsui chefmarket

Mitsui invests in Russian food delivery startup Chefmarket

June 30, 2016

Earlier this month Moscow-based food delivery startup Chefmarket.ru secured $1.3 million in a funding round led by Mitsui with participation from existing investors, including QIWI co-founder Andrey Romanenko and Russian venture fund AddVenture. The startup aims to reach a $100 million revenue target in 2018. Chefmarket offers home delivery of food products based on recipes from renowned …

Mitsui invests in Russian food delivery startup Chefmarket Read More

Tesco online founder, Danish marketing guru and Russian senator to speak at key Moscow retail conference (April 4-5)

April 1, 2016

The International PLUS Forum, one of the most popular events in the industry with 1,000+ professional participants, will hold its third edition on April 4th and 5th in Moscow. The main goal of the conference is to better understand the current state and prospects of the Russian and global retail industry. Projects by major market …

Tesco online founder, Danish marketing guru and Russian senator to speak at key Moscow retail conference (April 4-5) Read More

Venture capitalists turn away from Russian e-commerce while offline retailers demonstrate renewed activity

November 9, 2016

Last year saw paradoxical investment trends in Russia’s young e-commerce industry, with venture and private equity investment continuing to fall while a range of offline players started or resumed online projects. On the venture side, investment reached historic lows. According to RMG Partners’ preliminary estimates, just 42 deals were closed, totalling $137 million — down …

Venture capitalists turn away from Russian e-commerce while offline retailers demonstrate renewed activity Read More

IKEA Russia launches startup accelerator

February 9, 2016

Ikea Russia calls for developers, programmers, business experts, retail specialists, designers and marketers to participate in its “Mega Accelerator.” The project — the first of its kind in Russia — aims to “search and realize innovative ideas to enhance customer experience in MEGA shopping malls and beyond,” the company stated. Owned, developed and managed by Ikea, MEGA is a leading chain of …

IKEA Russia launches startup accelerator Read More

Radius Group Managing Director Chris Van Riet: How e-commerce is reshaping Russia’s warehouse industry

February 9, 2016

Headed by two American expats, Radius Group designs, builds, finances and operates warehouse and manufacturing real-estate in Russia. The company is responsible for some of the largest warehouse projects in the country, as exemplified by the deal signed with Leroy Merlin this past February to build a giant omnichannel distribution center on the outskirts of Moscow. …

Radius Group Managing Director Chris Van Riet: How e-commerce is reshaping Russia’s warehouse industry Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.