Crimean authorities sue Zenden subsidiary
05.07.2019 2536

Crimean authorities sue Zenden subsidiary

The Ministry of Economic Development of Crimea has filed a lawsuit against a subsidiary of Zenden Group, KrymShoes, to terminate the agreement on the conditions of activity in the free economic zone in Crimea. The claim was accepted for production on July 2, - writes RBC.

The main claim of the Ministry of Economic Development and Trade of Crimea is that the “KrymShoes” company does not fulfill the terms of the contract. The KrymShoes company was founded in 2015 by Zenden Group with the aim of building a shoe factory in Crimea. Zenden Group intended to invest 1 billion rubles in the plant construction project. In 2017, the enterprise was supposed to start working, and in two years to reach a production capacity of 1 million pairs of shoes per year. However, in 2017, the project was frozen. As the president of Zenden Group, Andrei Pavlov, explained, the reason for stopping the construction of the factory was a conflict with the developers, which the company is also still trying to resolve through the courts.

At the same time, the construction of a factory in Crimea awarded Krymshuz the status of a participant in the free economic zone and provided tax incentives and the right to import goods, components and equipment into the territory of Crimea duty free.

At present, they are going to deprive Krymshuz of this status. According to the representative of the press service of the Ministry of Economic Development of Crimea, the circumstances of the case will be considered in court, and the issue of reimbursement of tax preferences is within the competence of the tax authorities and will also be determined in court.

As we wrote earlier, according to SPARK-Interfax, in September 2017, CrimeaShoes were allocated 22,47 million rubles by order of the Ministry of Industry and Trade. in the form of subsidies from the federal budget. Credit line with a limit of RUB 300 million. opened RNKB for Zenden.

The Ministry of Economic Development of Crimea filed a lawsuit against the subsidiary company of Zenden Group - "KrymShoes" to terminate the agreement on the conditions of activity in the free economic ...
5
1
Rating

Latest News

The Euro Shoes shoe exhibition has started its work in Moscow!

Today, the international exhibition of footwear and accessories Euro Shoes Premiere Collection opened in Moscow. The professional exhibition, which is taking place in the capital's Expocentre from February 18 to 21, presents collections of footwear and accessories from brands from…
18.02.2025 176

Marketplaces are going to have their freedom in setting discounts limited

The Ministry of Economic Development has finalized the bill on regulating digital platforms; sellers on marketplaces will be allowed to impose a ban on discounts on the goods they sell, they write…
17.02.2025 257

Steve Madden buys Kurt Geiger for €347 million

The American group Steve Madden has acquired the British footwear and accessories brand for £289 million (around €347 million). The sale was carried out by London-based private equity firm Cinven, which bought Kurt Geiger…
17.02.2025 243

Adidas Fined in Turkey for Pigleather Shoes

Adidas has been fined almost 15 euros in Turkey for failing to inform customers that its Samba sneakers contained pigleather on their toes, Fashion…
14.02.2025 594

Giuseppe Zanotti Presents Sandals Collection in Sensual Photoshoot

Italian luxury shoe brand Giuseppe Zanotti, after 30 years of brand development, returns to its roots with the release of elegant, timeless models of women's shoes. The brand's new spring-summer '25 collection includes sandals, open-toe shoes,…
14.02.2025 419
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning