The transfer of 100% of Castorama Rus from Kingfisher International Holdings Limited to Maxidom LLC is officially registered by making an entry in Russia's Unified State Register of Legal Entities. According to the register, Vincent Guffroy continues as the company's CEO.
According to media reports, Maxidom acquired the stores for RUB 7.4 billion. To recap, in 2018, Véronique Laury, CEO of Kingfisher, announced the retailer's decision to pull out of the markets of Russia, Spain and Portugal.
Castorama is one of Europe's largest hypermarket chains selling home, garden and repair goods. Castorama is operating as part of Kingfisher, an international company specializing in home improvement and renovation. Revenue of Castorama Rus LLC for 2019 decreased by RUB 5.6 billion to reach RUB 26.4 billion.
Maxidom is a Russian chain of hypermarkets for home and summer house improvement, design, construction and repairs, including 15 hypermarkets in seven regions of Russia (nine stores in St. Petersburg, one in Nizhny Novgorod, one in Kazan, one in Yekaterinburg, one in Samara, one in Ufa and one in Moscow region). Maxidom LLC belongs to a group of individuals, businessman Alexander Evnevich is the controlling shareholder (51%). In 2019, Maxidom earned RUB 23 billion in revenue against RUB 23.5 billion a year earlier.
