# Euroset

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Russian company retailer

Euroset Native name Евросеть Founded 1997 Defunct 2018 Revenue 63,316,700,000 Russian ruble (2017) Net income 1,900,000,000 Russian ruble (2016)

**Euroset** ([Russian](/source/Russian_language): Евросеть) was [Russia](/source/Russia)'s largest[1] [mobile phone](/source/Mobile_phone) [retailer](/source/Retailer), with over 5,000 stores across Russia and [Belarus](/source/Belarus).[2] In 2006, the company controlled 37% of the Russian mobile retail market and in 2010 it employed some 27,000 people. Its main rival was [Svyaznoy](/source/Svyaznoy).

The company was founded in April 1997 by [Timur Artemev](/source/Timur_Artemev) and [Yevgeny Chichvarkin](/source/Yevgeny_Chichvarkin). After falling foul of the Russian [siloviki](/source/Silovik), Chichvarkin was forced to sell the 100% stake to [Alexander Mamut](/source/Alexander_Mamut). As of 2012, the mobile network operators [OJSC VimpelCom](/source/OJSC_VimpelCom) and [MegaFon](/source/MegaFon) co-own *Euroset* (each holding a 50% stake).[3] Euroset's major subsidiaries include *Ultra* and *Alt Telecom*.

A Euroset store in Novosibirsk, 2017

Entertainer [Ivan Okhlobystin](/source/Ivan_Okhlobystin) was the company's creative director from December 2010 to January 2014. He was sacked in the wake of his controversial appeal to "burn homosexuals alive".[4]

In September 2018 Euroset was purchased by Svyaznoy.[5]

## References

1. **[^](#cite_ref-1)** Weaver, Courtney (2012-11-15). ["Megafon faces battle to drum up confidence"](https://www.ft.com/content/a46a7a4a-2f46-11e2-8e4b-00144feabdc0). FT.com. Retrieved 2012-11-20.

1. **[^](#cite_ref-2)** ["О компании"](https://web.archive.org/web/20120626172927/http://euroset.ru/corp/). Euroset.ru. Archived from [the original](http://euroset.ru/corp/) on 2012-06-26. Retrieved 2012-11-20.

1. **[^](#cite_ref-3)** Khrennikov, Ilya. ["MegaFon Said to Resume Roadshow for $2 Billion IPO This Week"](https://www.bloomberg.com/news/2012-11-11/megafon-is-said-to-resume-marketing-for-3-billion-ipo-this-week.html). Bloomberg. Retrieved 2012-11-20.

1. **[^](#cite_ref-4)** ["Охлобыстин после ухода из "Евросети" устроился в сеть магазинов Baon"](http://ria.ru/society/20140114/989185415.html). 14 January 2014.

1. **[^](#cite_ref-5)** [""Жизнь научила нас не делать ставки""](https://www.kommersant.ru/doc/3661251). 18 June 2018.

## External links

- [Official website](http://euroset.ru) [Archived](https://web.archive.org/web/20140213171115/http://euroset.ru/) 2014-02-13 at the [Wayback Machine](/source/Wayback_Machine)

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Adapted from the Wikipedia article [Euroset](https://en.wikipedia.org/wiki/Euroset) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Euroset?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.