Sedmoi Kontinent

The company was founded in 1994 by Vladimir Gruzdev, Alexander Zanadvorov and Grigory Berezkin.

In July 2001, Sedmoi Kontinent announced its results for the year 2000: revenue grew 50%, standing at $105 million. The company, which by then had 15 stores, all located in Moscow, said that it would launch a major expansion with the aim of increasing the number of stores to 35 before the year end. The company was also looking for a strategic investor, but had been unsuccessful so far. In August 2002, the company said it was looking for a foreign partner to stay competitive in the market.

By 2002, the company was among the 4 largest retail chains in Moscow. The company's revenue that year was $300.5 million. In 2003, its revenue grew to $445 million. According to a Mercer Human Resource Consulting study from 2002, Sedmoi Kontinent is a medium-priced store, while Ramstore was the cheapest supermarket and Kalinka Stockmann was expensive and targeted for the high-end segment.

In November 2004, Sedmoi Kontinent became the first Russian retail food company to offer stocks to the public by offering 8,415,573 ordinary shares with a face value of 0.5 rubles on the Russian Trading System (RTS) stock exchange. The company said it sold 8.42 million shares, corresponding to a 13% share in the company, at a price of 275 rubles ($9.59) per share, raising a total of $80.7 million, and said that it was planning to use the money to finance new stores. Sedmoi Kontinent was the eight Russian company to make initial public offering since the collapse of the Soviet Union.

In 2005, Sedmoi Kontinent expanded its business to the Kaliningrad Region by acquiring the Kaliningrad-based Altyn chain. Via the purchase, Sedmoi Kontinent gained 29,500 square meters of trading space and 12 stores in the region.

By April 2008, Sedmoi Kontinent had 133 stores, most of them in the Moscow Region. The company's revenue in 2007 was $1.27 billion with a net profit of $99.2 million.

In February 2009, the French retail company Carrefour made an offer for 74.8% stake in Sedmoi Kontinent. Carrefour estimated the market value of Sedmoi Kontinent as $1.25 billion.

In June 2009, it was reported that the company had defaulted on bonds worth 1.9 billion rubles ($61 million), but it managed to get 7 billion rubles of its debts restructured in November 2009.

Operation

Since 2002 the company has operated a division of "Delivery Services" based on an online store, delivery is carried out in "old" Moscow and within 25 km from the MKAD daily from 9.00 to 23.00. The fleet consists of about 40 commercial vehicles Citroen, Peugeot and VAZ.

At the end of December 2008 it was included in the list of companies that will receive state support during the crisis.

According to the results of 2014, the revenue of JSC Seventh Continent amounted to 54.175 billion rubles.

At the beginning of 2016, the chain's stores were presented in two formats — supermarkets "Seventh Continent" (138 stores) and hypermarkets "Nash" (21 stores). In total, the network of Seventh Continent OJSC includes 209 stores in Moscow and the Moscow region, as well as in Kaliningrad, Perm, Belgorod, Vologda, Ivanovo, Nizhny Novgorod, Obninsk, Ryazan, Chelyabinsk, Rostov-on-Don and Yaroslavl.