CO-OWNER OF "SHOES OF RUSSIA" TITOV BANKRUPT VTB

The credit institution has sent an appeal to arbitration with a request to declare insolvent businessman Anton Titov, the main beneficiary of OR Group (formerly "Shoes of Russia"). VTB's requirements for it exceed 825 million rubles. The lawsuit itself has not yet been accepted by the court for production.

Information about the plans of many organizations to bankrupt OR Group began to appear at the very beginning of October. Almost immediately, as soon as the government moratorium ended, creditors published information about their intentions on Fedresurs.

A few weeks ago, Rusbankrot already covered the problem of OR Group related to default in early 2022. It is not surprising that soon bankruptcy applications began to arrive from several companies. Among the creditors were not only banks (VTB, Sberbank, Promsvyazbank), partners of the firm (Megapolis, TEK-Magistral), but also some private individuals.

The firm tried to offer creditors an exchange of securities for shares in the organization. However, judging by the lawsuits filed, such an offer turned out to be less interesting for them than the bankrupt status of the enterprise. According to data from open sources, the company's assets amount to 22.3 billion rubles. At the same time , back in June 2022 , the company's debts were estimated at 4.75 billion.

The trading platform was created in 2003 in Novosibirsk.

It includes a number of trading enterprises, an Internet portal Westfalika.ru , and also owns its own trademarks. The organization was previously included in the register of the backbone companies of Russia in the field of light industry.

At the same time, experts find it difficult to say which assets of the enterprise will be successfully converted into money in the event of bankruptcy. The network of retail outlets, previously one of the most significant in Russia, has begun to shrink rapidly in recent months. The company's production base (S-Tep factory), located in the city of Berdsk, Novosibirsk region, has ceased to function since August 2022.