The galleries GUM is a huge shopping mall, one of the largest in Europe, its main facade overlooks the Red Square.
The first trade date from the time of Ivan the Terrible, is divided by type of goods to sell: ribbons, soaps, cosmetics, powders, etc., hats (one for men and one for women), shoes, etc. That chaotic and motley market stretching from street Tatters (Vetoshny proezd) to Lubyanka Street had existed in Red Square until the early nineteenth century.
That market has been occupied during the following years, with many other businesses, but not only shops but has also been a commercial area, for a time was also building where government offices are located, to enter Communism in Russia as department stores This was the emblem of capitalism and as such could not exist, why were closed and reopened as offices of central government administration.
Subsequently and out of communism in 1991, GUM stores emblem of capitalism and trade in Russia were privatized and bought by a St. Petersburg-based entrepreneur, owner of “Bosco”, this textile entrepreneur bought 50.25% surface, today has 80% of that surface. It is one of the wealthiest businessmen in Russia. Creator of the Olympic team equipment.