93 MILLION YESSENTUKI BRANDY FACTORY DEBT SOLD FOR 19 MILLION

93 MILLION YESSENTUKI BRANDY FACTORY DEBT SOLD FOR 19 MILLION

93 MILLION YESSENTUKI BRANDY FACTORY DEBT SOLD FOR 19 MILLION
At the auction, which took place as part of the bankruptcy procedure, Rostov businessman Alexander Shatokhin bought the rights of claim for 93.8 million rubles to LLC Trading House Crimean Status for 19.1 million rubles. The debt was owed to KVS Wine and Cognac Factory LLC, which received bankruptcy status in the summer of 2023. Information about the transaction has been published on Fedresurs.

According to the auction organizer, the acquirer is not related to the debtor, and he also did not participate in the organization's capital. Thus, the parties have no affiliation. According to experts, this should contribute to the transparency of the recovery procedure. 

The wine and cognac factory is located in Yessentuki. The factory specialized in the production of distilled alcohol. The company started its activity 14 years ago. Sources name Anastasia Cassidy as the owner of the business. 

The financial results of recent years demonstrate the deterioration of the company's condition. In 2023, the company earned 357.3 million rubles, making a loss of 57.8 million. A year later, the loss decreased significantly, amounting to only 518 thousand. But this did not save the company from bankruptcy. The initiator of the procedure was the company "Primer Don", which submitted claims in the amount of over 300 million. 

The transfer of claims for a large amount at a significant discount is a common practice in bankruptcy cases, especially when it comes to companies with limited asset liquidity. The creditor who has received the right to foreclose can count on the subsequent sale of the debtor's assets or participate in auctions at the stage of bankruptcy proceedings, however, the final effectiveness depends on the current state of the property complex. 

The case of the KVS wine and cognac factory illustrates the general trend of recent years: despite the production focus and steady demand in the industry, alcohol-related companies are also experiencing serious financial difficulties, especially in an unstable macroeconomic situation and high debt burden. 

Private investors who are not related to debtors remain interested in such assets.: They view such transactions as an opportunity to buy rights at a large discount and eventually gain control over accounts receivable or property rights. At the same time, the further development of recovery events will depend on the solvency of the counterparty – in this case, the Crimean Status Trading house.


Photo: Freepik

22.05.2025