OREANDA-NEWS. November 17, 2010. The MVideo retail chain has raised a RUB 1 bn from Sberbank via its subsidiary structure, LLC MVideo Management. The loan is to replenish the company’s floating assets. MVideo operates a network of electronics and consumer appliance retail stores, which consists of 2020 outlets at the moment.

In 9M2010, the company posted a RUB 67.22 bn revenue, up 16.8% y-o-y. In 3Q2010, sales at M Video surged by 36.8% to RUB 26.15 bn. LFL sales rose by 20.6% in 3M and by 5.3% in 9M2010.