The co-owner of the Alga clothing brand is driven to bankruptcy by Sberbank

The co-owner of the Alga clothing brand is driven to bankruptcy by Sberbank

The co-owner of the Alga clothing brand is driven to bankruptcy by Sberbank
The credit institution applied to the arbitration court of Tatarstan with a bankruptcy claim against Timerhan Ziyatdinov, who is one of the co-owners of the Alga company.  The claim for 7.1 million rubles was filed on September 22 and has not yet been accepted for proceedings by the court.

What is the reason for Ziyatdinov's debt to Sberbank has not yet been disclosed.  Being a participant of the ‘Enterprise Factory’ educational project, supported by the Ministry of Economy of Tatarstan, Ziyatdinov has the status of a master of sports in judo.
It is known that he also owns shares in other commercial organizations (Algaagro, Algawear, Algacustom).
The businessman himself has not yet contacted the press.  Representatives of Alga company stated that the relationship of its co-owner with the credit institution is his ‘private case’ which has no direct connection with business.  Even if the Tatarstan Arbitration Court accepts the application, the company will continue to work as before.

The company has been operating since 2014.  The Alga trade mark, under which the company produces clothes, is well known to many residents of the republic who are fond of sports.  In 2019, the company's partners presented their brand to the head of the region, Rustam Minnikhanov.  More than 300 teams have already ordered clothes from Alga company. Sports clubs KHL and RPL, ‘Ak Bars’ and ‘UNICS’ cooperate with the organization. More than 250 organizations working in the field of sports are Alga's clients.

29.09.2021