Moscow economic bargaining

The retailer of home goods and repairs Moskhoztorg has been operating in the capital since 2015.

Activity indicators

2018: Revenue drop by 13%, to 1.96 billion rubles

According to the analytical system SPARK-Interfax"," in 2018, Moskhoztorg for the first time showed an annual drop in revenue - it decreased by 13%, to 1.96 billion. In rubles previous years, the indicator increased rapidly, for example, in 2017 it increased 1.8 times, and two years earlier showed a six-fold increase.

History

2021: Bankruptcy Notice

In March 2021, the Moscow Arbitration Court declared Moskhoztorg bankrupt and opened bankruptcy proceedings against a chain of stores.

According to Interfax, citing court documents, the court previously recognized as justified the application of Integral LLC for bankruptcy of Moskhoztorg and included in the register of creditors of the company almost 375 thousand rubles of debt to the applicant. Svetlana Klimova was appointed interim manager of Moskhoztorg.

Moskhoztorg declared bankrupt

Moskhoztorg is a network of stores of household goods and devices. It included 32 stores in Moscow, but on March 24, 2021, the site indicated the addresses of only six stores. According to experts, renting premises in the center of Moscow could cost Moskhoztorg up to 3 million rubles a month, and in sleeping areas - up to 1.5 million.

2020: The lawsuit of entrepreneurs on the bankruptcy of Moskhoztorg

In May 2020, the court dismissed the application of three individual entrepreneurs for bankruptcy of Moskhoztorg LLC.

The applicants were Dmitry Mazur, Igor Muravlev and Dmitry Perepechenov. On June 17, 2019, the arbitration court granted the claim of these entrepreneurs to recover from Moskhoztorg more than 7.5 million rubles of debt on the lease of a non-residential premises with an area of ​ ​ more than 283 square meters in a building located on Novoslobodskaya Street.

The arbitration invited the applicants to submit to the court a written consent to finance bankruptcy proceedings against the debtor. If agreed, the court ordered to transfer the amount of money necessary to finance the bankruptcy proceedings of the LLC to the deposit account of the Moscow Arbitration Court. However, IP did not comply with the court's decision to transfer funds to the deposit account of the Moscow arbitration.^[1]

2019

In the trading network of goods for home and repair, Moskhoztorg, the owner of the controlling stake has changed. About this with reference to SPARK data in June 2019 writes RNS. The share of 50.5% of the retailer passed to the Bulgarian company Falcon Home Distribution.

Earlier, the control stake of Moskhoztorg was owned by Veronika Kiryanova. Other owners of the network remained the same, the agency writes. In particular, 39.5% of the company belongs to Ilya Polyachkov and 10% to Ilya Traber (became the owner of the package in February 2019).

Since the end of 2018, the Moskhoztorg network has decreased from 65 to 36 stores and at the same time stopped looking for new sites, Kommersant writes in June 2019. Moreover, some of the existing stores, according to the publication, are for sale, and the amount of claims filed against the company since the beginning of the year has grown to 77 million rubles.

The company's failures are the result of a dubious development strategy, experts say. Moskhoztorg rented premises on top streets at inflated rates, not in any way consistent with real trade turnover, explained RIA Real Estate head of street retail CBRE Julia Nazarova.

The way out of the crisis could be the "move" of the network to sleeping areas, where there are more buyers, and renting is cheaper. However, even in this case, under the current price policy, the business of Moskhoztorg is unlikely to become profitable. In order to successfully develop beyond TTC, the company will have to revise the line of goods in the direction of reducing the cost, experts from Praedium^[2].

2018

The Moscow retailer of home goods and repairs Moskhoztorg will close in the near future or has already closed 10-12 of its stores. He writes about this with reference to market sources in December 2018. RBC According to the publication, in total, according to the results of optimization, about 15% of the network's outlets will stop working.

Moskhoztorg does close part of the stores, Ilya Polyachkov, co-owner of the retailer, confirmed to the newspaper. "This happens where we have not agreed to reduce rents," the entrepreneur explained.

According to informed interlocutors of the publication, the retail network decided to close outlets, mainly in the central part of Moscow. In particular, stores on Bolshaya Lubyanka, Maroseyka, Zemlyanoy Val, in Khlebny Lane and on Bolshaya Bronnaya will stop working. Outlets on Tverskaya Street, Novy Arbat, Kutuzovsky Prospekt have already been closed.

The retailer changed the strategy for choosing premises, explained one of the sources of RBC. According to him, Moskhoztorg focused on finding facilities in the sleeping areas of Moscow with an area of ​ ​ 80 to 130 square meters. m with a budget for rent up to 400 thousand rubles. per point per month. Ilya Polyachkov confirmed the company's course towards reformatting the business, but refused to disclose details.

Moskhoztorg is considered a fairly large retailer in the segment of goods for home and repair, if we talk about the capital market. Currently, 65 chain stores operate in Moscow. In 2017, the revenue of Moskhoztorg amounted to 2.3 billion rubles. (almost twice as much as in 2016). Net profit - 94 million rubles. (almost four times more).

2017

In October 2017, the company announced the launch of a similar chain of stores in St. Petersburg, Lenkhoztorg. However, these plans were never implemented.

Notes