Bookberry

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

Not to be confused with BlackBerry

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.