S ergey Lomakin is a prominent Russian retail entrepreneur, known for co-founding two of the country's most successful retail chains. His career in retail began in the late 1990s when he and his business partner, Artem Khachatryan, founded the Kopeika chain of discount grocery stores. They successfully grew Kopeika into a major national player before selling it to the competitor X5 Retail Group in a landmark deal in 2007.
After the sale of Kopeika, Lomakin and Khachatryan did not rest on their laurels. They identified a new niche in the market and in 2007 launched Fix Price, a chain of fixed-price variety stores. The concept, inspired by international 'dollar stores,' was a massive hit in Russia, offering a wide range of household goods, cosmetics, and food items at a single low price point. Lomakin's expertise in logistics, sourcing, and retail operations allowed Fix Price to expand at a phenomenal pace, becoming one of Europe's largest chains of its kind. The company successfully completed an IPO in London in 2021, cementing Lomakin's reputation as a master of the discount retail format.
Advertisement
Sergey Alexandrovich Lomakin is a Russian businessman, the self-made billionaire Co-founder of Fix Price Group (LSE: FIXP) (discount retail) and Kopeyka (supermarket chain). His career is rooted in retail, entrepreneurial audacity, and strategic acquisition.
Lomakin's philosophical approach centers on scale, disruption (pioneering the fixed-price retail model), and long-term asset hold in the essential discount retail sector (leveraging high-volume sales). He co-founded Kopeyka in 1998 and later Fix Price in 2007.
Sergey Lomakin's strategic genius was his commitment to the discount retail segment. He co-founded Kopeyka in 1998, successfully building it into a major supermarket chain before the $1.6 billion sale to X5 Retail Group in 2010. 2007: Fix Price. He co-founded Fix Price, recognizing the structural opportunity to pioneer the fixed-price, dollar-store retail model in Russia. His structural contribution is immense: pioneering the modern, scale discount retail model in Russia, providing essential affordable consumer goods to millions of households.
The company successfully executed its IPO on the London Stock Exchange (LSE) in 2021. His wealth is secured by the colossal liquid gains from the Kopeyka sale and the long-term appreciation of his stake in Fix Price.
Advertisement
Co-founds Kopeyka (Founding 1).
Co-founds Fix Price (Founding 2).
Sells Kopeyka to X5 Retail Group for $1.6 billion (Major Exit 1).
Fix Price executes its successful IPO on the LSE (Financial Milestone).
Continues as Co-founder and major shareholder, guiding the massive retail empire (Executive Oversight).
Sergey Lomakin's wealth is concentrated in his liquid capital generated from the $1.6 billion Kopeyka sale and his founding equity in the publicly traded retail giant, Fix Price Group (LSE: FIXP), and his private investments.
Advertisement
Sergey Lomakin's social impact stems from Fix Price's role in providing essential, highly affordable consumer goods to millions of Russian consumers, significantly impacting price stability in the retail sector. The company contributes to job creation and provides crucial accessibility to low-cost merchandise across the region.
His personal philanthropy supports various community and educational initiatives.
Sergey Lomakin maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global retail sector.
Residing in Moscow, Russia, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to retail scale, strategic management, and logistics efficiency.
Advertisement
No publicly available quotes.
Advertisement
0% | $0.00M
+0.61% | +$7.57M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
If you find any inaccuracies, please report them to admin@redcarpetlife.in
Sponsored Content