Eldorado spins off mobile handset retail outlets

Russia’s largest consumer electronics retailer Eldorado has announced that it spun off its mobile handset retail outlets, also branded Eldorado, on 1 November. The company made the announcement, citing CEO Igor Nemchenko. Eldorado will now set up a new company in order to enhance the effectiveness of the management of its mobile phone chain. The company said that it operates over 380 mobile phone stores in the country.

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