Obuv Rossii goes bankrupt
02.11.2022 8822

Obuv Rossii goes bankrupt

Creditors of the former Obuv Rossii Group of Companies, LLC OR, demand that the company be declared bankrupt. The company owes about 5 billion rubles to creditors and counterparties, writes NGS.ru.

The Moscow Arbitration Court accepted a bankruptcy claim against OR LLC from creditors, which includes large banks (VTB, Promsvyazbank, Sberbank), contractors (Megapolis LLC, TEK-Magistral LLC), as well as individuals Alexander and Yulia Zozulya , Evgeny Kuzmichev).

The notice of acceptance by the Moscow Arbitration Court of an application for declaring OR LLC bankrupt signed by the CEO and main owner of the company Anton Titov dated October 26, 2022 is posted on the website of the Corporate Information Disclosure Center of the Interfax news agency.

OR Group, the former Obuv Rossii Group of Companies (OR LLC), began to experience obvious financial difficulties at the beginning of this year, in January 2022, it defaulted for the first time on the non-market bond issue BO-07, the main holder of which is Promsvyazbank. Until the end of March, the company fulfilled its obligations to pay coupon income, but in April it made a series of defaults on all traded bond issues. In mid-February, the company launched the process of restructuring its debt portfolio, offering various solutions. One option was to exchange bonds for shares in the company. The total amount of debts on these securities by the beginning of the summer amounted to 4,75 billion rubles. However, it was not possible to reach an agreement with the creditors, and in the second half of October they announced their intention to seek bankruptcy of the company.

According to Kontur.Fokus, OR LLC has assets worth 22,3 billion rubles on its balance sheet. However, it is difficult to say now what part of this amount can be turned into money to pay creditors. The main assets of the group are the Westfalika retail chain, whose number of stores previously reached 700 outlets, is now steadily declining, and the S-TEP shoe factory in Berdsk, whose activities were stopped in August 2022.

The creditors of the former Obuv Rossii Group of Companies, LLC OR, demand that the company be declared bankrupt. The company owes creditors and counterparties about 5 billion rubles, - writes ...
3.4
5
1
3
Rating

Latest News

FAST STEP: A Turkish brand with a 35-year history at the Euro Shoes exhibition

Founded by Ahmet Köksal in Istanbul, FAST STEP has been combining Turkish shoemaking traditions, modern production technologies and an international approach to development for over 35 years…
12.08.2026 522

Swiss On struggles in the US market, reports growth in Asia

Swiss premium sportswear and footwear brand On missed Wall Street expectations for net sales in its fiscal second quarter. For the quarter ended June 30, On posted net revenue of $850,3 million…
12.08.2026 425

In the first half of 2026, footwear production in Russia decreased by 12,4%.

According to CRPT, the operator of the Honest Sign labeling system, shoe production in Russia decreased by 12,4% year-on-year in the first half of 2026, to 97,6 million pairs. Meanwhile, shoe imports increased by 3,5%, to 200,9 million pairs.
11.08.2026 669

Next year, the Italian brand IGI&CO will celebrate its 25th anniversary.

IGI&CO was founded in 2002 as a project dedicated to health, high-tech products, stylistic research and Italian…
10.08.2026 695

New Adidas Samba sneakers in a deer leather print have been released.

The use of animal prints in the design of Adidas Samba sneakers began with the release of the Adidas x Wales Bonner collaboration. In 2023, the German brand released Samba sneakers in leopard print, and they had…
10.08.2026 1454
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning