Project description
and objectives:
|
The EBRD is considering providing a loan of up to USD 50 million to OAO Detsky Mir Centre (“Detsky Mir” or the “Company”)to finance the further expansion of the retail network of Detsky Mir into Russia’s regions. Detsky Mir is the largest retailer of children’s goods in Russia and the CIS.
The company aims to open over 100 new stores in the regional cities of Russia by 2011.
|
Transition impact:
|
The transition impact potential of the Project is derived primarily from supporting the development of the organised retail market for children’s goods in the regions of Russia and the development of logistics to support the planned vast regional retail network. The organised retail market is expected to increase the level of service, the efficiency standards and the quality and safety of the goods proposed in the regions.
The Project will also
(i) support the transfer of up-to-date skills, (including modern merchandising and extended customer services, into the remote Russian regions)
(ii) support the development of the Russian retail industry in line with the best international practices.
|
The client:
|
Detsky Mir is the largest retailer of children’s goods in Russia and the CIS. Detsky Mir is incorporated in Russia and is 100% owned by JSFC Sistema.
|
EBRD finance:
|
The EBRD will provide a loan of up to USD 50 million to Detsky Mir.
|
Total project cost:
|
Total project will cost approximately USD 100 million.
|
Environmental impact:
|
Screened C/1. Environmental due diligence including the reviews of the Bank's Corporate Environmental Questionnaire and Purchasing and Supplier Management Questionnaire indicates that the company and its operations are in compliance with national environmental, health, safety and labour standards as well as good international practice. The Company ensures that the toys sold in their outlets meet ISO 9001:2000, European standards of toys' safety, GOST 257799 (national standards) and national Sanitary Regulations and Norms. The Company also ensures that every outlet shop meets their life and fire safety technical standards developed in accordance with the national norms. The Company is required to ensure that the project meets relevant national and EU environmental, health, safety and labour standards and submit an Annual Environmental Report to the Bank.
|
Technical
cooperation:
|
None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
|
Company contact:
|
OAO Detsky Mir Centre
Website: www.det-mir.ru
|
EBRD contact:
|
Almaz Toigonbaev, Operation Leader: toigonba@ebrd.com
|
Business opportunities:
|
For business opportunities or procurement, contact the client company.
|
General enquiries:
|
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
|
