JSC Detsky MirJSC Detsky Mir, Russia's largest retailer of children's goods.
The Russia-China Investment Fund (RCIF), the joint fund of RDIF and China Investment Corporation (CIC), has acquired 23.1% of JSC Detsky Mir, Russia’s largest retailer of children’s goods. RCIF will support expansion of Detsky Mir’s nationwide network of stores and further development of logistics platform. This will also extend its modern sales and distribution channels for children’s products throughout Russia and the CIS. Additionally, the Group is considering opportunities for international expansion in the mid-term perspective.
- Substantial growth potential of the Company from opening of new stores, increase of market share and strengthening of its presence in Russian regions, optimization of assortment matrix.
- Company’s business development after the deal completion will secure significant growth of supply of high quality children’s goods at affordable prices.
- Construction of new warehouses and stores will encourage development of consumer and transport sectors of Russian economy, creation of new jobs.
- Year of investment: 2015.