The owner of Russian supermarket chain Seventh Continent has reportedly rebuffed a bid from US investment fund TPG Capital.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


An unidentified source told Reuters today (1 February) that Alexander Zanadvorov was not interested in selling the retailer, which runs 125 outlets.


“The latest information is that Zanadvorov will not sell Seventh Continent. There will be no deal,” the source told Reuters.


Seventh Continent saw full-year sales jump almost 18% last year. The company posted like-for-like sales growth of 17.8%. On a consolidated basis, sales rose 32% to US$1.4bn.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now