The story
Founded by Oleg Novikov in 1991.1
The beginning of Eksmo's history dates back to the late Soviet Union, when only state publishing houses existed in the country. Eksmo was founded in 1991 by Alexander Krasovitsky, Oleg Novikov and Andrey Gredasov (the EKSMO brand appeared in 1993).
Businessman Alexander Krasovitsky created a trading company-distributor "Express", which ordered copies of certain books from Moscow printers and sold them in regions all over the country (and initially after the collapse of the Union - outside Russia), receiving 25-50% of the proceeds. These were mainly reprints of foreign classics, historical novels (Valentin Pikul's works, in particular, were very popular), and books that had previously been banned in the USSR. Oleg Novikov and Andrey Gredasov joined the project. In 1993, the company split: Krasovitsky created the publishing house "Folio", and Novikov and Gredasov - the company "Eksmo", the name of which was formed from the first syllables of the words "Express" and "Moscow".
The business began with wholesale trade in books, later Eksmo had its own printers and distribution. Thanks to the publication of Russian detectives (primarily novels by Danil Koretsky and Alexandra Marinina) in the late 1990s, Eksmo significantly increased its sales and became the basis of a large holding company, which included printing houses, bookstore chain "Bukvoed", publishing houses "Mann, Ivanov and Ferber", "Ventana-Graf", "Drofa" and others. In the 2010s, Oleg Novikov acquired AST publishing house, which, however, remained a formally independent structure. Eksmo is the largest publishing house in Russia, one of the largest publishers in Europe, and is in the world's top 50. It publishes books in all major genres (detectives, fiction, fantasy, classics, modern literature, poetry, books for children, non-fiction), cooperates with many popular Russian and foreign authors.
From Wikipedia’s article on Eksmo, shared under CC BY-SA 4.0.4