Makheev brand co-founder Vadim Makheev acquires 45.5% stake in Nakhodka discount chain

KAZAN. Aug 12 (Interfax) - Vadim Makheev, co-founder of JSC Essen Production AG, the main brand of which is Makheev, has acquired a 45.5% stake in Tabysh LLC, the management company of the Tatarstan discount store chain Nakhodka, it follows from the Unified State Register of Legal Entities (USRLE).

According to data from the USRLE, Nadezhda Eremina transferred the stake to Makheev on August 7. The remaining 54.5% of the company's charter capital belongs to Ekaterina Kapustina.

Experts surveyed by the Kommersant newspaper estimate that Makheev's stake is worth up to 7 billion rubles. The newspaper's retail market source said that his long-standing ties with the chain could have allowed him to acquire the shares without a de facto payment.

Regional media have reported that Makheev's other companies formed the beginnings of Nakhodka, citing as indirect evidence the fact that a large proportion of the Essen grocery stores, which Makheev had been developing alongside Essen Production AG co-founder Leonid Baryshev in the Volga region, had been transferred to Nakhodka in 2019.

There are over 370 Nakhodka stores in 11 Russian regions, the company said on its website. The discount chain sells food products, clothing, footwear and homeware.

Essen Production AG has its main site in Elabuga in Tatarstan, where it produces sauces for the Makheev brand along with polymer packaging, as well as the Essen confectionery factory in Naberezhnye Chelny and another production site in Novosibirsk.

The company said in its 2023 financial report that its controlling shareholders were the Leonid Baryshev and Makheev families, who held respective stakes of 57% and 43%. Makheev's surname became the company's main brand.