Sedmoi Kontinent is a major grocery retail chain operating 140 stores in Russia and one in Belarus. It is headquartered in Moscow.
The platform for Seventh continent was from the firm Slavyanka founded in 1992 by Aleksander Mamut, Vladimir Gruzdev and Grigory Berezkin. Seventh Continent was Founded in 1994, Sedmoi Kontinent was the first new Russian food retailer since the dissolution of the Soviet Union. In the early 2000s, the company launched a major expansion program and saw its revenue increasing from $105 million in 2000 to $1.27 billion in 2007.[1]
History
The company was founded in 1994 by Vladimir Gruzdev, Alexander Zanadvorov[2] and Grigory Berezkin.
In July 2001, Sedmoi Kontinent announced its results for the year 2000: revenue grew 50%, standing at $105 million. The company, which by then had 15 stores, all located in Moscow, said that it would launch a major expansion with the aim of increasing the number of stores to 35 before the year end. The company was also looking for a strategic investor, but had been unsuccessful so far.[3]