Our history

O`KEY Group is one of the leading grocery retailers in Russia.

The Group opened its first hypermarket in St Petersburg in 2002 and has since demonstrated continuous growth.

It was the first Russian food retailer to launch e-commerce operations offering a full range of hypermarket products for home delivery.

In 2015, the Group launched the first discount chain in Russia under the DA! brand.

In November 2025, the Group sold its O’KEY hypermarket business and online platform to the management. The DA! discount chain and its related infrastructure remain within the Group. DA! stores continue to operate and to focus on further business growth and improving the customer proposition in the domestic market.

As of 30 September 2025, the Group operated 227 DA! discounters in the Central Federal District of Russia with a total selling space of 153,111 sq m.

2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2009
2007
2003
2002
2025
  • DA! discounters reached 37% of the Group revenue in H1 2025
  • In November 2025, the Group sold O’KEY hypermarkets business to the management
2024
  • The Group changed its depositary for GDR programs to RCS Group
  • O’KEY hypermarkets MBO announced
  • DA! discounters reached 224 stores and 9.7% EBITDA margin
2023
  • 220 DA! stores reached 30.7% of Group's revenue
  • A new O’KEY opened in St-Petersburg
2022
  • 194 DA! discounters reached 26 % of the Group‘s revenue
  • 4 new O’KEY stores opened in Moscow Region
2021
  • 152 DA! stores reaching 19% of Group's revenue
  • O`KEY hypermarkets new concept rolled out in St Petersburg
2020
  • Discounter DA! revenue reached 15% of the Group revenue
  • O’KEY new branding and new store concept presented
  • Listing of GDRs on MOEX
2019
  • 100 Discounter stores under DA! Brand operating across Russia
2018
  • Discounter revenue under the DA! Brand reached 8.5% of the Group revenue
  • Omnichannel Mobile app launched providing a unified approach to communications with customers in stores and online
2017
  • O’KEY drive through, and 24 hour delivery service launched for the hypermarket segment
  • Sale of supermarket business
2016
  • Mobile app for iOS and Android launched
2015
  • Online sales platform launched
  • DA! Brand new discounter format launched
2009
  • Rapid expansion in Moscow and key regional markets
  • IPO on the London Stock Exchange
2007
  • Focus on expansion in Russia’s key regional markets
  • Top 10 retailer by revenue
  • Six new regions
2003
  • Strategy to establish regional market leadership
2002
  • O’KEY Group founded
  • First O’KEY hypermarket opened in St. Petersburg