Detsky Mir Will Ensure Uninterrupted Business Operation During the Week-long Holiday
March 27, 2020 Moscow, Russia. – PJSC Detsky Mir (“Detsky Mir”, the “Group” or the “Company”, MOEX: DSKY), Russia’s largest specialized children’s goods retailer, announces that it will continue to operate during the announced the week-long national holiday.
In the Moscow region, Detsky Mir’s shares of the breast-milk substitutes and the diapers markets are more than 53% and 46%, respectively, while the Company’s shares in Russia are 38% and 33%. Detsky Mir is a Russian systemically important company that provides the population with essential supplies. In this regard, Detsky Mir will continue to operate during the week-long national holiday declared by President of Russia Vladimir Putin, which lasting from March 28 to April 5.
Detsky Mir takes necessary precautions to prevent the spread of viral infections at the stores of the retail chain as well as the Company’s distribution centers: it monitors health grounds of all employees, as well as provides for additional protective equipment (glasses, gloves, suits and antiseptics), intensively disinfects all premises. The Company is ready to ensure a high level of online order delivery service. Nowadays detmir.ru online store provides for free courier delivery throughout Russia.
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Detsky Mir Group (MOEX: DSKY) is a multi-format retailer and Russia’s and Kazakhstan’s largest specialized children’s goods retailer. The Group comprises the Detsky Mir and the Detmir.ru retail chains, the ELC (Early Learning Centre in Russia) and the ABC retail chains, as well as the Zoozavr pet supplies retail chain. The Company operates a network of 766 Detsky Mir stores located in 293 cities in Russia, Kazakhstan and Belarus, 4 Detmir.ru stores, as well as 49 ELC, 13 ABC and ten Zoozavr stores as of 31 December 2019. Total selling space was approximately 843,000 square meters
Detsky Mir Group’s shareholder structure as of the date of this announcement is as follows: PJSFC Sistema[1] – 33.38%, Russia-China Investment Fund (RCIF) [2] – 9.0%, free-float – 57.62%.
Lear more at www.detmir.ru, elc-russia.ru, ir.detmir.ru
(1) Sistema PJSFC is a publicly-traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, children’s goods retail, paper and packaging, healthcare services, agriculture, high technology, banking, real estate, pharmaceuticals and hospitality.
(2) RCIF, an equity fund established by the Russian Direct Investment Fund (RDIF) and China Investment Corporation (CIC), holds its stake in PJSC Detsky Mir through its funds: Floette Holdings Limited and Exarzo Holdings Limited.