Early Life and Education
Artem Khachatryan was born in 1975. He graduated from Moscow State Mining University in 1997.
Rise to Success
Khachatryan co-founded Fix Price in 2007, a discount retailer that became a hit among Russian consumers. The company has opened more than 4,000 stores across Russia, Kazakhstan, Georgia, Belarus, Latvia, Kyrgyzstan and Uzbekistan. The IPO in Moscow and London proved popular among investors.
In 2021, Fix Price went public. Khachatryan was previously the executive director of the company. In December 2023, Khachatryan sold his entire stake in FixPrice and resigned as a member of the board, citing family matters.
Khachatryan also co-founded SUN Investments Partners in 2008.
Key Business Strategies
Fix Price's success was based on offering basic goods at predictable, cheap prices. The company expanded rapidly, and the founders were pioneers in embracing the dollar-store model in Russia.
Philanthropy
Artem Khachatryan is associated with Galaxy Group of Companies, which has implemented numerous CSR projects in Armenia. Galaxy Group has provided substantial assistance to Armenians displaced from Artsakh, delivering 100 tons of food assistance to 5,000 families.
