Report: SLV Grp can create new brand to replace Euroset in year
MOSCOW, Aug 28 (PRIME) -- SLV Group, major owner of RussiaТs combined retailer Svyaznoy-Euroset, can launch a new brand to replace Euroset in a year, business daily Vedomosti reported late on Monday, citing the sellerТs General Director Alexander Malis.
УWeТre still thinking what this brand will look like,Ф Malis told Vedomosti.
Svyaznoy-Euroset now counts over 5,000 stores. Its revenue is expected at 150Ц160 billion rubles in 2018, including 5% contributed by operators for subscribing new clients.
The retailers accomplished the merger in May. SLV Group owns 75% minus one share of the combined company, and mobile operator MegaFon has 25% plus one share.
(67.3963 rubles Ц U.S. $1)