Soho
Alfa Bank goes bankrupt Carlo Pazolini
17.05.2016 8758

Alfa Bank goes bankrupt Carlo Pazolini

Alfa-Bank, one of the largest creditors of the shoe retailer Carlo Pazolini, filed for bankruptcy against Anta Firm at the end of March 2016, which owns the trademark rights under which Carlo Pazolini retailer operates.

The court accepted the lawsuit. CJSC Anta Firm acts as the main borrower for all obligations of the retailer. According to a representative of Alfa Bank, the founder and owner of the retailer, Ilya Reznik, personally vouched for the company's debts, Vedomosti writes (http://www.vedomosti.ru/business/articles/2016/05/16/641050-alfa-bank-carlo-pazolini).

In addition to the bankruptcy lawsuit, Alfa-Bank filed a lawsuit in Moscow Arbitration Court in early April to collect debt on two credit lines from 2012 for $ 11 million and 8,4 million euros jointly and severally from three foreign retailer structures - Carlo Pazolini Trade limited, Karlo LLP Pazolini Partisipasion "and Carlo Pazolini (Switzerland) SA

The retailer’s debt to Alfa Bank is about $ 50 million, a person who is familiar with the negotiations between the bank and the company knows. Debt is much less, Reznik insists. At the same time, he admits: the company had all foreign currency loans, including from Alfa Bank: “We are engaged in direct import and cannot afford to service ruble loans.” This is confirmed by a representative of Alfa Bank: "Carlo Pazolini's debt servicing problems arose due to currency fluctuations amid falling sales."

Reznik insists that Carlo Pazolini's debt situation is under control, and the company is in productive negotiations with all creditors. However, while the retailer could not agree with Alfa Bank. Nevertheless, the owner of Carlo Pazolini hopes that the parties will find a solution during the observation procedure.

According to the results of 2015, Carlo Pazolini with revenues of 7,3 billion rubles. eighth in terms of turnover in the Russian footwear market, and among Russian companies, the fourth after Centrobuv, Kari and Zenden, according to Euromonitor International. Now, according to Carlo Pazolini, the retailer has more than 130 stores in Russia, there are also stores in Italy, Greece, the Czech Republic, Moldova, Ukraine, Azerbaijan and China.

Alfa-Bank, one of the largest creditors of the shoe retailer Carlo Pazolini, filed for bankruptcy against Anta CJSC at the end of March 2016, which owns trademark rights under ...
3.3
5
1
1
Rating

Latest News

Gigi Hadid Appears in Boss Campaign

American supermodel Gigi Hadid presented a new collection of the German fashion brand Boss. In the campaign photo, Hadid is dressed in a black loose-fitting pantsuit, on the model's feet are black sandals from the brand's new women's spring collection ...
27.01.2023 119

Ermenegildo Zegna Group reports 2022% revenue growth in 15,5

Italian group Ermenegildo Zegna ended 2022 with a 15,5% increase in revenue, although business results were impacted by anti-covid restrictions in the Bolshoi…
26.01.2023 300

In the new Coccinelle advertising campaign - Italy, femininity and the scent of the night

The new advertising campaign of the Italian brand of bags and accessories Coccinelle, #ALLABOUTUS is the third joint project of photographer Giampaolo Sgura and one of the most influential people in the fashion world, a freelance editor and creative director…
26.01.2023 335

Kotofey is going to open about 40 new stores in 2023

The brand of children's shoes and clothes "Kotofey" continues the active development of its retail network and enters foreign markets. In 2022, 24 new stores opened under the Kotofey brand, including the first outlets in Belarus. In 2023…
25.01.2023 306

In 2022, 13 new brands appeared on the St. Petersburg market

The activity of retailers in terms of launching new stores in St. Petersburg last year remained at the level of 2021. According to the estimates of the consulting company Nikoliers, about 150 stores have opened in the city's shopping centers, and almost ...
24.01.2023 448
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning