Moscow Credit Bank (MKB) decided to appeal to the arbitration court to declare the debtor company Centrobuv insolvent.
The revenue of a major shoe retailer last year amounted to 41,1 billion rubles, an increase of only 0,5%. At the end of the 2014 of the year, Tsentrobuv operated 1360 facilities. Recently, Tsentrobuv announced the suspension of the franchise program and now works only with existing franchisees.
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