Wildberries & Russ acquired a large tour operator Fun&Sun from Alexey Mordashov

Fun&Sun (formerly TUI Russia, legal entity - TT-Travel LLC)

The company cooperates with more than 12 thousand travel agents and is among the top 3 tour operators in Russia.

Financial indicators of TT-Travel LLC for 2024:

Revenue - 104 billion (46% y/y)

Sales profit - 12.7 billion (145% y/y)

Net profit - 5 billion (175% y/y)

Net Debt - 23 billion

Approximate estimate of transaction value:

from 20 to 50 billion.

Buyer

LLC RVB is a joint venture between Wildberries and Russ Outdoors, created in 2024.

Seller

Severgroup Company:

Portfolio includes: Severstal, Lenta chain, Utkonos online hypermarket, Sveza plywood manufacturer, tour operator Fun&Sun, the Scandinavia and Ava-Peter clinic networks, the gold miner Nord Gold, the Power Machines holding company, etc.

Shareholders: Alexey Mordashov (ranks 2nd in the Forbes Russia 2025 ranking, net worth: 28.6 billion) and group management.