 | |
| Revenue | $4.05 billion [1] (2022) |
|---|---|
| $6 million [1] (2022) | |
| $313 million [1] (2022) | |
| Total assets | $1.65 billion [1] (2022) |
| Total equity | $427 million [1] (2022) |
| Website | http://fix-price.ru/ |
Fix Price is a Russia-based chain of discount variety stores. [2] [3] At the end of 2022, the chain of stores consisted of 5,663 stores [4] in Russia, Belarus, Kazakhstan, Uzbekistan, Latvia, Georgia, Kyrgyzstan, Mongolia and Armenia. [5] As of October 2023, the company has 6,141 stores. [6]
The company was founded in 2007 by Sergei Lomakin and Artem Khachatryan, founders and executives of the former Kopeyka supermarket chain. [7] The trading strategy, brand and design of the Fix Price chain of stores were developed by the British consulting company Campbell Rigg. [8]
The first Fix Price store was opened in December 2007. [9] During 2008, the first 60 Fix Price stores were opened.
In 2014, the chain consisted of 1,543 stores. [10] As of September 2015, the network already included 1,930 stores. [11] In 2016, the Fix Price network included 2,097 stores, of which about 400 were franchised.
In 2016, the first chain stores were opened in Georgia and Kazakhstan. [12]
As of February 2018, the network consisted of 2,510 stores in Russia, as well as several franchise stores in Latvia, Belarus, Kazakhstan, Uzbekistan and Georgia. [13] In March 2019, the 3,000th store was opened in Moscow, [14] at the end of 2019 the Fix Price network included 3,306 stores. [9]
In Russia in 2019, according to Oliver Wyman, the company’s share in the segment of goods at fixed low prices (variety value retail) was 93%. [15] In 2020, the network increased by 655 stores, [16] the total number of company personnel amounted to 32 thousand people. [17]
Goldman Sachs Group, Inc acquired a stake in the company in 2020. [18]
By the end of 2020, Fix Price had revenue of 190 billion rubles ($2.6 billion) in a year. [19]
In March 2021, Fix Price held an IPO on the London and Moscow stock exchanges. Investors were offered 21% of the authorized capital of the company (178.4 million global depositary receipts at a price of $9.75 each [20] ). The company raised about $1.7 billion. [21] The share of each of the co-founders decreased from 41.66% to 35.43%. Selling shareholders still have a put option for another 26.8 million GDRs. Now Fix Price's capitalization is estimated at $8.3 billion. [22] This is the largest listing of a Russian company in ten years. [23]
In July 2021, the chain crossed the mark of 4,600 open stores. [24]
In September 2021, Samonico Holdings of Marathon group of Alexander Vinokurov disinvested from the capital of Fix Price to sell its 2,98% of shares (25,36 million GDR) with a 10% discount by share of the total of 850 million shares. [25]
In February 2022, Fix Price Group announced plans to change the company's jurisdiction. Previously, the company was registered in the British Virgin Islands. On June 15, 2022, Fix Price Group received permanent registration in Cyprus. [26]
In September 2022, the chain included 5,462 stores, including 4,855 owned and 607 franchised. [27] As of December 31, 2022, Fix Price had 5,663 stores. [4]
In 2023, the company opened its first two stores in Mongolia. [28] As of June 2023, Fix Price had 6,000 stores. [29]
In October 2023, Fix Price Group received listing on the Astana International Exchange (AIX). [30] As of October 2023, the company has 6,141 stores. [6]
On November 9, 2023, Fix Price shareholders voted to change jurisdiction from Cyprus to Kazakhstan. [31] [32]
The RBC Group, or RosBiznesConsulting, is a Russian media group headquartered in Moscow. It was established in 1993.
Magnit is one of Russia's largest food retailers. It was founded in 1994 in Krasnodar by Sergey Galitsky. As of March 2016, the company had 12,434 stores in 2,385 locations. They include 9,715 convenience stores, 225 hypermarkets, 2,337 Magnit Cosmetics stores and 157 Magnit family stores. The company employs more than 140,000 people and has been opening several dozen stores each month.
RVC (JSC) is a state fund of funds and a development institute of the Russian Federation, one of Russia's key tools in building its own national innovation system.
ROLF – the biggest dealer holding in the Russian Federation, one of the pioneers at the Russian automobile market. It was founded on August 5, 1991. Its headquarters is in Moscow city. The company is engages in selling of new cars and used cars, motorcycles, automobiles accessories, as well as service maintenance of cars and motorcycles and rendering of services in crediting and insurance.
Oleg Yuryevich Tinkov is a Russian-born entrepreneur and businessesman.
QIWI plc is a Russian company that provides payment and financial services in Russia and CIS countries. The group includes QIWI payment system, QIWI Bank, CONTACT money transfer system, Factoring PLUS, Flocktory, and RealWeb. The company has representative offices in three countries.
Delimobil is one of the largest carsharing organizations in Russia, with a fleet of over 18,000 vehicles and more than 7.1 million members. Its vehicle fleet consists of Hyundai Solaris, Renault Kaptur, Volkswagen Polo and the Toyota RAV4.
MIC Group is a Moscow-based construction organization comprising property development, construction and real estate companies.
Andrey Mikhailovich Ryabinskiy is a Russian entrepreneur, founder and chairman of the board of directors of LLC Moskovsky Ipotechny Centr Group. He is president of the promotional company World of Boxing.
Dmitry Borisovich Bosov was a Russian businessman who was found with a gunshot wound to the head. Founder, majority shareholder and chairman of the Board of Directors of ALLTECH Group. Bosov's main asset was the Sibanthracite Group.
YooKassa branded as ЮKassa, is a Russian online payment system operated by Yandex.Money, a joint venture of Russian technology corporation Yandex and the largest bank in Russia Sberbank. Yandex.Checkout was launched in late 2013.
"Delo" Group of Companies is the most extensive transport and logistics holding in Russia. It operates maritime container and deep-water grain terminals in the Sea of Azov and Black Sea, Baltic and Far Eastern basins. Additionally, it has a network of railway container terminals and a fleet of containers and well cars. The leading company of the Group is LLC UK Delo.
Rich Family is a Russian children's retailer headquartered in Novosibirsk. It was founded in 2002. Chain stores operate in Russia and Kazakhstan.
Mikhail Valerievich Lifshitz is a Russian engineer, entrepreneur and pilot. He is the Chairman of the Board of directors and shareholder of the Ural Turbine Works, ROTEC JSC, and TEEMP. Honored Mechanical Engineer of the Russian Federation.
Gold Apple is a Russian chain of beauty stores, headquartered in Yekaterinburg.
DNS Retail is the owner of a Russian retail chain specialising in the sale of computers, electronics, and household goods, and also a manufacturer of computer hardware including laptops, tablets and smartphones. In 2019, it became the 6th-largest retail company in Russia, and in 2021, DNS was the 22nd-largest private company in Russia. As of 2021, there are more than 2,000 branches across Russia, and in May 2021, the first branches were opened in Kazakhstan. The company's headquarters are located in Vladivostok.
Vkusno i Tochka is a Russian fast food chain based mostly in former McDonald's restaurants, with a menu that largely consists of rebranded McDonald's items. McDonald's closed their Russian stores in response to the Russian invasion of Ukraine; Vkusno i Tochka restaurants mostly occupy former McDonald's restaurants that were sold to business magnate and entrepreneur Alexander Govor, who was a company licensee in Siberia.
Leonid Dovladbegyan is a Russian and Armenian entrepreneur, top manager, and venture capitalist. From 2019 to July 2022, he has been the CEO of Vprok.ru Perekrestok.
The Service-Telecom Group of Companies is an independent wireless telecommunication infrastructure operator that constructs and leases antenna-mast structures (AMS) to place telecom equipment.
Vkusvill - is a Russian food retail chain founded by Andrey Krivenko in 2012 in Moscow. As of March 2023, VkusVill has more than 1,350 stores in 72 Russian cities.