Tuesday, October 18, 2011

X5 Retail Group parted with Ulendeevym

New CEO of IT business ", uniting online retailers 003.ru and Bolero, appointed Cyril Grodinsky. Previously, the company managed Vladislav Ulendeev, transferred control of the online stores X5 Retail Group in autumn 2009. According Ulendeeva, reminiscent of the X5 raider attacks. X5 Retail Group N.V. manages networks that stores Pyaterochka, "Crossroads," "Carousel" and is the largest retailer of Russia in terms of sales. Before the establishment of "IT Business" retailer engaged only in off-line trafficking. In autumn 2009 the group X5 paid $ 1 million for control of the "IT Business", receiving 51% of the company, the rights to domain names 003.ru and Bolero.ru, hardware, software, customer base online stores and other assets. Right to redeem the remaining 49% of the retailer partially implemented in May 2010, increasing its stake to 82%. On the remaining 18% stake in X5 option until 2014. Vladislav Ulendeev said that currently 18% of the "IT Business" is a minority, of which 15% owned by a co-founder eHouse (including myself Ulendeevu). According Ulendeeva, X5 bows minority shareholders to sell 15% for $ 1 of his former partner, "reminiscent of raider attacks." Representatives of X5 Retail Group argue that 100% of the "IT business is already owned by the retailer. Both sides are preparing for litigation.

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