Financial Times FT.com

The price of a presence in Russia

By Courtney Weaver

Published: July 26 2010 20:51 | Last updated: July 26 2010 20:51

Yevgeny Chichvarkin, Yevroset founder

Four years ago Yevgeny Chichvarkin was the king of Russia’s retail market. A backstreet kid with a knack for sales, Mr Chichvarkin co-founded Yevroset, a mobile phone store, in 1997 at the age of 22. With just $5,000 (€3,862, £3,227) in start-up capital, he soon turned it into Russia’s biggest handset retailer.

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