The Russia-China Investment Fund (RCIF) has reached an agreement in principle on investment in JSC Detsky mir, the biggest player in children’s merchandise in Russia. Currently, one hundred per cent of the company’s share capital is controlled by Sistema JSFC.

Under the terms of the deal, most of the investment will be spent towards future development, in particular plans to open new shops and build additional logistics centres. This investment will enable Russia’s biggest children’s retailer to substantially increase its operational efficiency. RCIF’s investment will support the development of the chain by providing modern systems and distribution channels of children’s goods in the Russian regions.