Uniland-Holding Corporation sells its wholesale business in Yekaterinburg

Uniland-Holding Corporation (the proprietor of Dixie, one of Russia’s largest retail chains) sold its wholesale business in Yekaterinburg. According to Dixie’s financial report based on the International Accounting Standards and published on November 8, 2006, the chain sold 100% of its wholesale division known as Uniland Yekaterinburg to an offshore company named Arvilex Corporation in June. Dixie got 10m RUR for a company with a $135m turnover. The experts believe moving out of wholesale business is to be expected of large retailers, yet the scheme of the transaction resembles the severance of partners cooperating within Dixie.

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