Rieker
New directors will restore Tervolina shoe network
19.04.2011 2560

New directors will restore Tervolina shoe network

The Tervolina shoe network has not recovered from the crisis - in 2010, the number of its stores continued to decline. The network will be restored by new managers - CEO Vladimir Dudarev, who came from the alcohol company Rust Inc. and financial director Andrei Shinkarenko, who worked in the Tinkoff restaurant chain. About this writes Kommersant

“Tervolina” was founded in 1992, on its website there is information about 46 stores in Moscow and more than 80 in the regions. Revenues in 2010 year, according to expert estimates, could be $ 100-120 million.

The beginning of the financial crisis for the country coincided with the arrest of the owner for Tervolina: in September 2008, the Investigative Committee under the Ministry of Internal Affairs of Russia accused Vadim Stepanov of especially large-scale fraud, namely theft of a plot of land in the Odintsovo district of the Moscow Region (according to preliminary data, the damage amounted to 3 billion rubles.) Almost immediately, the network had problems with liquidity. In early April of 2009, the Moscow City Court decided to release V. Stepanov on bail of 10 million rubles, and in September, the Housing Finance Bank, owned by his old friends, PIK founders K. Pisarev and Yu. Zhukov, helped the businessman with a loan. In addition to the representatives of creditors, the former co-owner of M.Video A. Zayonts, who was to restore the network’s market position, also joined the Tervolina’s board of directors.

But all these measures did not help. According to one shoe retailer, in 2010, Tervolina was still experiencing a shortage of working capital, which is why it was late to buy new collections. In addition, the company increased the share of Russian manufacturers in the assortment. The number of stores continued to decline: if in November 2009 of the year there were more than 150, now there are approximately 130. “We closed unprofitable stores and opened new ones, the total number changed insignificantly,” the Tervolina top manager explained. According to him, this year the network intends to grow - mainly in Moscow.

The Tervolina shoe network has not recovered from the crisis - in 2010, the number of its stores continued to decline. The network will be restored by new managers - general ...
5
1
Rating
Midinblu

Latest News

Vacancy in St. Petersburg shopping centers in the second quarter increased slightly

According to Colliers International, an international consulting company, in the second quarter of 2020, during the quarantine period under Covid-19, the average share of vacant premises in shopping centers increased slightly - by 0,5 percentage points, to 3,9%.
08.07.2020 38

French shoe brand JB Martin ceases to exist

French shoe brand JB Martin, which celebrated its 99th anniversary this year, was eliminated in June by a decision of the Paris Commercial Court. After many difficulties that the brand experienced in recent years, it could not pass the test ...
07.07.2020 160

adidas Originals released a collaboration with American actor Jonah Hill

adidas Originals has redefined his iconic Superstar running shoe in collaboration with American director and actor Jonah Hill.
07.07.2020 112

Wildberries increased its turnover in April-June 2020 more than doubled

Wildberries turnover in the second quarter of 2020 increased by 123% to 103,4 billion rubles. (net turnover of the company, including returns). The sales growth in units amounted to 200% compared to the same period last year. Sales ...
06.07.2020 191

About 4,5 million shoe marking codes are issued per day.

The Ministry of Industry and Trade and the labeling operator Center for the Development of Advanced Technologies (CRPT) summed up the first week of the mandatory labeling of shoes in Russia, speaking at the RIA Novosti online conference. Ban on unmarked traffic ...
06.07.2020 220
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning