Detsky Mir
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Native name
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Де́тский мир |
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| Public | |
| Traded as | MCX: DSKY |
| Industry | Children's retail |
| Founded | June 6, 1957 in Moscow, Russia |
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Key people
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Vladimir Chirakhov (CEO) |
| Revenue | $1.19 billion (2016) |
| $98.5 million (2016) | |
| $57 million (2016) | |
| Total assets | $667 million (2016) |
| Total equity | -$6.77 million (2016) |
| Owners | AFK Sistema, others |
| Subsidiaries | Early Learning Center |
| Website | detmir |
Children's World (Russian: «Де́тский мир») or Detsky Mir is a Russian children's retailer. Opened on June 6, 1957, as of February 2017, the company had 525 stores. Vladimir Chirakhov serves as CEO. It is the largest children's goods retailer in Russia and the CIS, with the retail chain in both Russia and Kazakhstan. Detsky Mir Group also owns the ELC (Early Learning Center) retail chain in Russia. On February 8, 2017, PAO Detsky Mir listed its shares "in the first major initial public offering in Russia since the annexation of Crimea."
Detsky Mir first opened on June 6, 1957 in the center of Moscow at Lubyanka Square. The original store was built between 1953 and 1957, with design by architect Alexey Dushkin. After the original store opened, Bloomberg writes that "Detsky Mir became a household name, prompting the Soviet government to open a network of large stores by the same name." Detsky Mir became a chain of children's retailers in Russia in the 2000s.
In 2005, the original Detsky Mir building received the status of cultural heritage at the regional level. The original Detsky Mir building was Russia's largest toy shop from 1957 until 2008, when it was sold by Detsky Mir to VTB and was closed for restoration, with the cost of the restoration estimated at US $138 million. The building reopened on March 31, 2015 under the name Central Children's Store on Lubyanka. The historical name still belonged to the owner of the building as the trade network "Children's World."
The Wall Street Journal writes that "the main owner of Detsky Mir, conglomerate AFK Sistema, put off plans for an IPO in 2014."Bloomberg writes "Sistema’s founder, billionaire Vladimir Evtushenkov, shelved a planned IPO of Detsky Mir in 2014 after Russia’s annexation of Crimea."
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Wikipedia