Partners in SICP have, over the years, accumulated substantial experience in the retail sector, with the launching of Podruzhka, a chain of cosmetics and general goods stores, currently operating over 100 outlets in and around Moscow.
Partners have also set up and launched KupiVIP, the largest online fashion retailer in Russia.
SI Retail was established as a platform to undertake retail operations in Iraq. In partnership with Auchan of France we were to build and operate several hypermarkets in Iraq. The first of these outlets was opened in June 2014, a 6000 square meter space situated in Mega Mall, Erbil's latest shopping mall.
Due to the ongoing security situation on the ground SI Retail has subsequently exited from this project.