Wildberries & Russ Acquire Rive Gauche Cosmetics Chain
- * Wildberries & Russ (RWB) has acquired Rive Gauche: RWB, formed from the merger of Wildberries and Russ Group, now fully owns the Russian cosmetics retail chain Rive...
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* Wildberries & Russ (RWB) has acquired Rive Gauche: RWB, formed from the merger of Wildberries and Russ Group, now fully owns the Russian cosmetics retail chain Rive Gauche (through its operating entities Aromalux and UK PS Group).
* Deal Value: The financial terms weren’t officially disclosed, but reports suggest a potential value of up too 6 billion rubles ($75.7 million).
* previous Ownership: Rive Gauche was previously owned by the Cyprus-based Rive Gauche Group.
* Strategic Partnership Preceded Acquisition: in September, Rive Gauche and Wildberries formed a partnership allowing integration of Rive Gauche’s 252 stores wiht Wildberries’ platform (in-store pickup, dedicated catalog section). RWB took control of Rive Gauche’s operating company as collateral as part of this agreement.
* Rive Gauche’s Financials: Aromalux (Rive Gauche’s operating company) had revenue of 37.4 billion rubles ($472.2 million) in 2024, a 6% decrease from the previous year, and net losses nearly tripled to 1.5 billion rubles ($18.9 million).
* market Position: Rive Gauche is Russia’s fifth-largest perfume and cosmetics retailer by revenue.