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Zenden Group and Alba Network Discussed at Market
20.03.2019 4559

Zenden Group and Alba Network Discussed at Market

Zenden Group will receive assets of shoe retail Alba, - writes RBCreferring to information from sources close to the parties to the transaction. Some participants in the shoe market also speak about the fact of the transaction. However, the head of Zenden Group Andrei Pavlov denies the purchase of Alba.

In early February, the editors of the Shoes Report also asked Andrei Pavlov about the acquisition of Alba's Zenden assets, then Andrei Pavlov answered the assumption of a possible deal in the negative and said that he was not interested in new acquisitions in retail.

The owner of the Alba network, Alexander Bayer, declined to comment on the situation at the request of RBC journalists.

However, one of the interlocutors of RBC, says that Zenden and Alba have created a new legal entity, LLC Crystal, which will probably transfer lease rights for 12-14 stores Alba, while the transfer of lease rights should take place before April 1. RBC managed to find the specified company. Its main owner - 80% of the shares in the LLC - belongs to Maria Pecherskaya, who, according to a source from RBC, is Pavlov’s sister. RBC also refers to the fact that Maria Pecherskaya is indicated as a sister in photographs in an interview with a businessman in the newspaper Delovoy Peterburg.

Zenden Group is a major retail operator in the Russian footwear market. The holding includes three shoe chains - Zenden, Thomas Munz and Mascotte. The last two networks were acquired by the holding in 2016. The holding also includes shoe production and shopping centers. The revenue of the group of companies in 2018 amounted to 27 billion rubles.
Zenden Group will receive the assets of the shoe retail Alba, - writes RBC, referring to information from sources close to the parties to the transaction. Some participants in the shoe also speak about the fact of the transaction ...
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