M.Video-Eldorado Group in the first quarter of 2024 opened 15 new compact format stores in 14 Russian cities, including three new cities: Kachkanar in the Sverdlovsk region, Solikamsk in the Perm region and Krymsk in the Krasnodar region. This year the Group intends to open at least 100 compact format stores.

Bank of Russia has included in the register of microfinance organizations the microcredit company Direct Credit Pay, which is a subsidiary of Direct Credit Center, a credit broker owned by the retailer M.Video. According to the retailer's accounts, the MCC was established in April last year. DK Pay's website states that its main line of business is to provid...

М.Video-Eldorado chain plans to open compact format stores in new territories, as well as to enter the Far East. Which regions the company is referring to is not specified. Possible plans to enter Crimea and the territories annexed in 2022 entail a number of sanctions risks, believes lawyer of BGP Litigation's compliance and sanctions law practice Maria Udod...

M.Video-Eldorado Group expects to present an updated strategy by the end of 2024, the group's financial director Alla Garmanova said. Strategy has already been developed, and its priority areas are already being tested. An appropriate Investor Day may be held to present the strategy. Against the backdrop of the strategy update, M.Video-Eldorado may consider...