Rieker
New directors will restore Tervolina shoe network
19.04.2011 2784

New directors will restore Tervolina shoe network

The Tervolina footwear chain never recovered from the crisis - in 2010 the number of its stores continued to decline. The chain will be restored by new managers - general director Vladimir Dudarev, who came from the alcohol company "Rust Ink" and financial director Andrey Shinkarenko, who worked in the Tinkoff restaurant chain. Writes about this "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 in the country coincided for Tervolina with the arrest of the owner: in September 2008, the Investigative Committee under the Russian Ministry of Internal Affairs accused Vadim Stepanov of large-scale fraud, namely, the theft of a plot of land in the Odintsovo district of the Moscow region (according to preliminary data, the damage amounted to 3 bln rub.) Almost immediately, the network faced problems with liquidity. In early April 2009, the Moscow City Court decided to release V. Stepanov on a bail of 10 million rubles, and in September the businessman was helped with a loan by the Housing Finance Bank, owned by his old friends - the founders of PIK K. Pisarev and Yu. Zhukov. In addition to the representatives of the creditors, the former co-owner of M.Video A. Zayonts also joined the board of directors of Tervolina, who was to restore the chain's market positions.

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 footwear chain never 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

Latest News

Detsky Mir expands its presence in the Urals

New stores of the Detsky Mir chain have opened in Chelyabinsk and Yekaterinburg. The tenth in a row in Chelyabinsk and the ninth in Yekaterinburg. Both new stores occupy 1000 sq. M. ...
22.04.2021 36

Turkish Eksposhoes will be held in June

The Turkish exhibition of shoes and leather accessories Eksposhoes will again be held in Antalya from 2 to 4 June 2021 and is glad to host buyers from ...
21.04.2021 33

Tod's Group has appointed Chiara Ferragni to the Board of Directors

The appointment of Chiara Ferragni, an Italian model and influential fashion blogger, to the board of directors of the Italian fashion group Tod's, was an important step for the famous brand of the same name, moccasins, as well as chic Roger Vivier shoes to conquer ...
21.04.2021 43

Expo Riva Schuh announced the dates of the summer exhibitions

The 95th Expo Riva Schuh and the 6th Gardabags, dedicated to the 2022 spring / summer collections, will be held at the Riva del Garda exhibition center from 18 to 20 July, a month later than ...
21.04.2021 177

Reseller sites LUXXY, themarket and commission WantHerDress announce merger

The Russian clothing and footwear reselling marketplace LUXXY has acquired an online site for the resale of themarket items, as well as the WantHerDress commission store with wardrobes of stars and ...
21.04.2021 152
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning