Bookberry

Bookberry (Букбери) is a chain of bookstores based in Moscow, Russia, and with stores in that city and in Yekaterinburg.

The chain was launched by private investors in 2003, with 36% of its shares owned by Alexander Mamut (also a shareholder in Ingosstrah, and Corbina Telecom, a Golden Telecom subsidiary); a further percentage split equally between Roman Lola, Dmitry Kushaev and Maxim Scherbakov, and the rest by Waterstone’s founder, Tim Waterstone.

In February 2008, a company controlled by Oleg Deripaska, Rainko, bought a controlling stake, buying out Lola, Kushaev and Scherbakov entirely.

By late 2008, the chain comprised 13 stores (up from 10 in late 2005), located in large shopping malls and on a number of major streets. The CEO departed in January 2009, and by March 2009, five stores were closed, including the last-opened, on Tverskaya Street.

On Monday 2 March 2009, the company applied for bankruptcy protection.[1]

References
  1. Moscow Times, Moscow: 3 March 2009, p. 1


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.