Dixy Becomes Official Race Partner of Infiniti Red Bull Racing
OREANDA-NEWS. Russian neighborhood stores chain, DIXY, is pleased to announce it is to be an Official Race Partner to Formula One Team Infiniti Red Bull Racing for the first ever Russian Grand Prix.
DIXY's logo will feature on the front wing of the Infiniti Red Bull Racing cars, the RB10, as well as on the overalls worn by four times World Champion Sebastian Vettel and three times race winner, Daniel Ricciardo, throughout the Grand Prix weekend in Sochi.
OJSC DIXY Group (MOEX: DIXY) is one of Russia's leading retailers of foods and everyday products.
The first DIXY store was opened in Moscow in 1999, and after that the Company has been experiencing the period of the intensive organic development, followed by the major acquisition of Victoria Group in June 2011.
As of August 31, 2014, the Company operated 2,002 stores, including 1,880 DIXY neighborhood stores, 89 Victoria stores, 1 CASH store, and 32 compact hypermarkets MegaMart and MiniMart. The Company operates in Central, Northwest and Urals federal districts of Russia, and in Kaliningrad region. As of August 31, 2014, the Company had a total of 677,010 square meters of selling space. The Company is the third largest national food retailer by revenue, selling area, and number of stores. The Company employs over 40,000 people.
In May 2007, the Company raised USD 360 mln in its IPO on the RTS and MICEX. A controlling stake of 54.4% in OJSC DIXY Group is owned by Mercury Group of Companies, a diversified holding company. In 2013, the Company's total revenue amounted to RUR 180 bln (USD 5.7 bln).
The Russian business magazine Expert rates DIXY Group as one of the Top-100 largest Russian companies.
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