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Small business in 2022: one in four enterprises may be liquidated

This year may become the last for a quarter of SMEs. The experts of Promsvyazbank came to such a conclusion. Together with Magram Market Research and Opora Rossii, they regularly monitor the business activity of Russians (make up the RSBI index). The situation is most tragic in the microbusiness segment - here 40% of survey participants reported reduced income. 1835 businessmen were polled. According to 19% of the participants, the deterioration ...

Say goodbye to Kiabi: Mulier family closes business in Russia

... store chain, which is owned by the Mulier family, will leave the Russian market by July next year. French entrepreneurs, who also own retail brands Auchan, Leroy Merlin and Decathlon, said they could not find the right model for running a clothing business here. For several years in a row, the Kiabi brand has remained unprofitable in the Russian Federation. According to RBC, in the next six months, the owners plan to close all 17 retail outlets in Kazan, Krasnodar, Samara and other cities of ...

Nike announced withdrawal from Russian market

... Lyudmila Semushina, in turn, noted the fact of the termination of supplies and the shortage of goods of the American brand. According to her, in such a situation, it becomes impossible to maintain the work of mono-brand stores, which leads to their closure. The representative of the American brand, commenting on the current situation, noted that Nike has already made a decision not only not to renew existing partnerships, but also not to create the new ones. At the moment, business activity in Russia has been suspended, but despite this, employees continue to receive salaries, Vedomosti reports. Over the past spring, the number of Nike mono-brand stores in Russia has already halved, and some of them have been permanently ...

Rostov restaurant chain "Eat and drink" no longer exists

A popular catering chain in Rostov-on-Don was liquidated by the decision of its owner. Business founder Vadim Kalinich announced the loss of prospects for developing the restaurant format. He believes that such a model of entrepreneurial activity, including the creation and sale of products, is archaic in the current conditions. The restaurant ...

Victoria's Secret and Discovery: foreign companies leaving Russian market

... victims of the conflict in Ukraine. The brand is also curtailing investment activities in the country. Two old American competitors in the beverage market, The Coca-Cola Company and PepsiCo, this time were in solidarity in the decision to stop their business activities in Russia. The Coca-Cola plant in Siberia has already suspended work. Prior to this, the Novosibirsk enterprise produced about 50 types of products shipped to the Urals, the Far East and the European part of the country. However, Coca-Cola ...

Over 100 global brands leave Russian market

The special operation launched by Russia in Ukraine has led to a mass exodus of foreign companies from the country. The sanctions imposed by the United States, the European Union and other countries against individuals and organizations contributed to the suspension of activities in various sectors of the national economy: retail, manufacturing, banking. Representatives of the textile industry are already recommending that citizens purchase clothes at least a year in advance. What the digital technology...

Stray cats saved Japanese restaurant from bankruptcy

... homeless animals, shown by the owner of a small restaurant in Osaka. A railroad-themed catering establishment that had been successfully operating before the pandemic, began to collapse. Its owner Naoki Teraoka began to consider liquidation of his business as financial aid from the state dwindled. But then a case intervened in the life of the owner in the face of a sickly kitten, wandering near the restaurant. The owner's family decided to adopt the kitten and called it Simba. Soon after that,...

ROSTELECOM COMPANY MADE A DECISION TO CLOSE A NUMBER OF BRANCHES

... the staff in the nearest future. According to Vedomosti, several thousand people work in large branches that are about to be closed. Majority of the employees may receive proposals for moving to positions in other departments within the company. The closure of the branches will give Rostelecom the opportunity to cut expenses by about 5 billion rubles annually. The functions of the company's large branches are reduced to the ‘in the field’ management of business processes. They oversee marketing, procurement, the technical part, and build relationships with large customers. This April, Rostelecom announced its development strategy. The company's plans include cost optimization, including simplification ...

CITIBANK WILL LEAVE RUSSSIA

... their work as usual. The decision to leave is a part of a thorough review of the company's future strategy, explained the representatives of the bank. This step will provide an opportunity to concentrate its resources in the area of ​​those businesses that are able to show good growth. However, the bank separately noted that the withdrawal from the Russian market will affect only the retail business, while servicing of the corporate clients is planned to be continued. Citibank has been operating ...

RECORD NUMBER OF COMPANIES WAS CLOSED IN RUSSIA OVER THE LAST YEAR.

... authorities. Firms stop submitting annual financial statements and do not perform banking operations, thereby, in fact, terminating business activities. The President of FinExpertiza Elena Trubnikova believes that the main factor in the decrease in the rate ... ... coronavirus and the consequences caused by it, which complicated the registration procedures. Experts also believe that the closure of a significant number of companies should be expected in 2021, when state support measures will gradually be reduced,...

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