The court declared the retailer Svyaznoy bankrupt

Bankruptcy proceedings have been opened against the company. At the meeting it was noted that it is impossible to restore the company’s solvency and that Svyaznoy’s funds are sufficient to finance the bankruptcy procedure.

Alfa-Bank, Lorus Avtotrans LLC and several individual entrepreneurs previously filed bankruptcy petitions for the retailer.

Before this, several companies and banks went to court with lawsuits to collect Svyaznoy’s debt.

• In March, Alfa Bank filed two lawsuits against the company in the total amount of 8.2 billion rubles, and against TFN LLC (distributor of mobile devices, electric vehicles and accessories), in the amount of 308.6 million rubles. .
• In January 2023, the court decided to recover from Svyaznoy in favor of the distributor Merlion the debt arising from supply contracts worth 5 billion rubles.
• In December 2022, VimpelCom’s (Beeline brand) claim to recover 839 million rubles in advance payment from Svyaznoy was fulfilled. On November 21, 2023, the Moscow Arbitration Court also recognized the claim of the telecom operator against Set Svyaznoy LLC as justified and included 791.2 million rubles in the register of creditors of the debtor.

In mid-March, the management of the retailer changed: Andrey Taraburin, a former member of the board of directors of JSC Svyaznoy Bank, was appointed president of the company instead of Alexey Vukolov. In his new role, Taraburin’s priority tasks included “stabilizing the company’s business,” Kommersant wrote.

Svyaznoy is a digital equipment retailer. The company’s retail network includes more than 2.6 thousand stores in 1.1 thousand cities of Russia.

Svyaznoy Network LLC’s revenue at the end of 2022 amounted to 56.8 billion rubles, 1.9 times less than at the end of 2021. The company’s net losses reached 48.5 billion rubles against 15 .3 million rubles of net profit in 2021.