Russia’s Mamut Plans German Toy Store Chain, Kommersant Says

Russian billionaire Alexander Mamut plans to open 50 toy stores in Germany by 2014 after receiving a franchise from Spanish retailer Imaginarium SA (IMG), Kommersant reported citing his business partner Evgeny Butman.

Mamut already owns Waterstone’s book retailer in the U.K. with about 300 stores, the Moscow-based newspaper said.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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