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Fashion Jobs
SHISEIDO
Manager - Finance And Accounts (Business Process, Operations & Financial Compliance)
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Sales Supervisor / Assistant Sales Supervisor (Fmcg)
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Retail Operations Manager (Station in Kuala Lumpur, Malaysia)
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Assistant Visual Merchandising Manager
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Senior Sales Manager (Printing/Paper Packaging)
Permanent · TIJUANA
SHISEIDO
Senior Manager - Financial Planning & Analysis, Finance And Accounts
Permanent · Hong Kong
SHISEIDO
Contract Manager - Financial Planning & Analysis, Finance And Accounts
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager - Apparel And Sports Goods (Station in Shanghai, Prc)
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Senior Garment Technician - Lingerie
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Fabric Sales Manager/ Sales Executive
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Factory Manager (Stationed in Bangladesh)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
General Manager (Stationed in Bangladesh)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Logistics & Warehouse Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
National Business Trainee (3d Artistist / Designer) - 2-Year Programme
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Quality Manager
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Divisional Sales Manager
Permanent · TIJUANA
SHISEIDO
Senior Manager - Omnichannel Strategy & Innovation, Digital Shared Services
Permanent · Hong Kong
SHISEIDO
Officer - HR Operations, Human Resources
Permanent · Hong Kong
NIKE
HR Manager/Assistant Manager - Hrbp (1-Year Contract)
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Sales Executive
Permanent · CLEARWATER
TRIUMPH
Brand Merchandising Manager
Permanent · KOWLOON BAY
BESTEAM PERSONNEL CONSULTANCY LTD.
Marketing Executive / Marketing Supervisor / Assistant Marketing Manager
Permanent · CLEARWATER
By
Reuters
Published
Jun 7, 2019
Reading time
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Russia's Ozon may consider IPO in two years

By
Reuters
Published
Jun 7, 2019

Russian online retailer Ozon may consider an initial public offering (IPO) in two years once it has increased its share of the Russian e-commerce market, boosted sales growth and improved infrastructure, its chief executive said.


Ozon


Speaking on the sidelines of the St Petersburg economic forum, Alexander Shulgin said Ozon currently has a no more than 10% share of the fragmented Russian market.

The company raised 10 billion rubles ($154 million) in April from its largest shareholders, Russian conglomerate Sistema and private equity fund Baring Vostok, to build up its warehouse infrastructure, IT platform and financial services.

The decision about the IPO will also largely depend on new capital raising from shareholders, Shulgin added.

Ozon, which pioneered the Russian e-commerce sector in 1998 and is often referred to as Russia’s Amazon, does not see too many risks to its market share from a new Russian venture announced this week by Chinese e-commerce giant Alibaba, he said.

“The market is so big that we are still very far away from a war for territory,” he said.
Alibaba, which has had a presence in Russia for several years, finalised on Wednesday details of a joint venture with Russia’s sovereign wealth fund RDIF which will entail a $100 million investment from both.

Ozon has benefited indirectly from the Alibaba’s entry to the Russian market as this move has helped Russians to get used to online shopping in general, Shulgin said.

Ozon may raise further funds by issuing new shares, Shulgin said, with a $200-300 million fundraising possible in the near future, and another of a similar size potentially on the cards for later.

The company may attract investment from new foreign and Russian funds that are expressing an interest in e-commerce, the CEO said. Investment funds currently own about 20% of the company, while Sistema and Baring Vostok each hold 40%.

Ozon, which plans to keep the growth of its merchandise value at 70-80% in 2019, is currently loss-making due to active investment in its growth, CEO said.

He declined to comment on when the company would become profitable. It will be technically ready to turn its cash flow positive in two years, he said, but may decide not to do so if it prioritizes investing in growth instead.

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