A tumultuous tale of power, wealth, and betrayal has unfolded in the Russian business world, culminating in a high-stakes court ruling that could reshape the country’s largest online retailer. The bitter feud between former spouses Tatyana Kim and Vladislav Bakalchuk has captured the nation’s attention, dragging in powerful figures from the Kremlin and even a Chechen warlord.
Here is a breakdown of the key events that have unfolded:
- Tatyana Kim’s decision to merge Wildberries with Russ Outdoor triggered a series of events that led to a violent shootout outside Wildberries’ headquarters, leaving two dead and seven injured.
- Vladislav Bakalchuk contested the merger in court, alleging that it was designed to harm him and Wildberries. Despite his efforts, the court upheld the deal, leaving Bakalchuk with only a 1% stake in the company.
- The merger would see Russ Outdoor acquire a 35% stake in the joint venture, despite its significantly smaller sales compared to Wildberries.
- Bakalchuk’s plea to Chechen warlord Ramzan Kadyrov for help in blocking the deal sparked controversy and ultimately led to a violent confrontation at Wildberries’ office.
- The fallout from the shootout resulted in Bakalchuk being arrested on felony charges, including murder, although he was later released without being formally charged.
- The power struggle for assets among Russia’s elite has intensified, reminiscent of the chaotic business landscape that emerged after the collapse of the Soviet Union in the 1990s.
The saga of Wildberries serves as a stark reminder of the complex web of power, influence, and betrayal that often underpins corporate dealings in Russia. As the dust settles on this dramatic chapter, the future of the country’s second-largest tech company hangs in the balance. Will this ruling mark the end of the feud between Kim and Bakalchuk, or is it merely the beginning of a new chapter in this gripping saga? Only time will tell.
