Paolo Conte shoe retailer declared bankrupt
The Moscow City Arbitration Court declared Paolo Conte LLC insolvent. Bankruptcy proceedings have been opened against the company for a period of 6 months. The pledged property of the debtor will be sold during the auction, - such information is presented on the website of the Unified Federal Register of Bankruptcy Information.
Footwear retailer Paolo Conte began to experience financial problems after the death of its founder and owner Andrey Rotar in October 2021. The retailer could not make purchases, pay rent for stores, they began to close.
In February 2022, Sberbank filed an application for bankruptcy of its debtor with the Moscow Arbitration Court. The debt of Paolo Conte LLC to the bank amounted to more than 1 billion rubles. Earlier, Permskiy oblunivermag JSC, which owns the Semya shopping mall in Perm, filed a lawsuit against Paolo Conte with a claim in the amount of 485,4 million rubles.
In 2019, Paolo Conte retailed 81 stores. Some outlets were franchised. In 2020, the revenue of Paolo Conte LLC amounted to 1,8 billion rubles, net profit - 9,1 million rubles.
The Moscow City Arbitration Court declared Paolo Conte LLC insolvent. Bankruptcy proceedings have been opened against the company for a period of 6 months. The pledged property of the debtor will be sold in…
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