Soho
Alfa Bank goes bankrupt Carlo Pazolini
17.05.2016 8660

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

Golden Goose acquires its main sneaker supplier

On Wednesday, Golden Goose, known for its Superstar sneakers, announced the acquisition of Italian Fashion Team, the main supplier and manufacturer of luxury sneaker brand Golden Goose. The amount of the deal was not disclosed...
06.10.2022 120

Kari adds new product categories to the range of family hypermarkets

Russian shoe retailer Kari continues to experiment with retail formats and assortment. This summer, the three well-established formats of Kari shoe retail - Kari shoe stores, Kari Kids for children and Kari Hyper hypermarkets - ...
06.10.2022 122

Bikkembergs released a collection of his own hits from 1990 and 2000.

Antwerp-born fashion brand Bikkembergs has launched an archival project, a collection of fifty-three items from the past. “These are things that don’t need to be updated to make people like them, they just need to be redone…
05.10.2022 144

JamilCo to add three Turkish brands to its portfolio

JamilCo, one of the largest Russian distributors in the fashion segment, whose portfolio includes such brands as Timberland, New Balance, DKNY, Escada and others, is going to introduce three new Turkish brands to the Russian market –…
05.10.2022 332

New Balance and Aimé Leon Dore launch 650R in new colorways

New Balance's iconic collaboration with young New York-based streetwear menswear brand Aimé Leon Dore continues. Brands have decided to release the classic silhouette of the 650R sneaker in new colorways.
04.10.2022 297
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning