Aleksey Ivanovich Abrikosov was born on March 3, 1824, in Moscow to a family of serf peasants. He studied at the Practical Academy of Commercial Sciences but did not complete his education. Nevertheless, he supported the academy with donations throughout his life. Initially, Aleksey worked for hire, and from 1847, he began his entrepreneurial journey.

He lived in a small house on Varvarka in Moscow. In 1847, with modest means, he opened his own confectionery production. Aleksey handled all the affairs himself: he purchased berries and fruits at the Bolotnoy market and kept the accounts. His wife and older children, Nikolai and Anna, helped wrap the caramel. Thanks to their teamwork, the business thrived. Within a few years, production grew to 40 boiling spots for sweets, producing over 30 poods of products annually.

Over time, the fame of Abrikosov's candies, marmalade, and jam spread throughout the European part of the empire. After the construction of the railway to Crimea, fruits from that region began to arrive at the factory.

In 1873, Abrikosov's workshop became a factory, the largest mechanized confectionery enterprise in Moscow, producing over 500 tons of products annually worth 325 thousand rubles. Advanced scientific and technical achievements were utilized. By the early 20th century, the factory became the official supplier to the Court of His Imperial Majesty.

Aleksey Ivanovich's candies were considered some of the tastiest in Europe. The last representative of the family business was his grandson Sergey Nikolaevich (1873-1940). Under his leadership, the factory increased production, and by 1916, the main capital of the Partnership reached 2 million rubles, doubling in 1917.

In 1919, the factory was nationalized by the Bolsheviks without compensation to the owners, and the 46-year-old director was left without work. He emigrated and died in 1940 in Paris.

The factory, renamed 'Babaevsky,' remains one of the most famous confectionery enterprises in the country.