Samara arbitration arrested the accounts of the owner of clothing brands Reserved, Cropp and Mohito

The owner of the Samara shopping center (TC) “Cosmoport” – “Viktor and Co” Viktor Surkov – on March 31 filed a lawsuit with the local arbitration court against the company “Re Trading” to terminate the lease agreement and recover damages in the amount of 500 million rubles. This complex, judging by the information on its website, houses the store of the clothing brand Cropp, which suspended its work from March to May 2022. It also says that it is now working. Nevertheless, it follows from the materials of the case that already on April 3, the court introduced interim measures for this claim, seizing the accounts of Re Trading. It was not possible to contact representatives of this company. The representative of “Cosmoport” confirmed only the submission of an application to the retailer. He declined to discuss other details until the end of the trial.

Re Trading has been operating in Russia since 2012. Its brands include Reserved, Cropp, Mohito, House and Sinsay. Until the middle of last year, this company belonged to the Polish group LPP. At the end of June 2022, she announced that she had sold the Russian business to a Chinese consortium. Far East Services-FZKO (FES Retail) registered in the UAE became the new owner of Re Trading LLC. Its beneficiaries are unknown. After the deal was closed, the company’s Russian stores were renamed RE, CR, MO, XC and SIN. The revenue of Re Trading in 2021 amounted to 52.9 billion rubles, net profit – 6.2 billion rubles. At the end of last year, the company managed 500 outlets in our country, however, FES Retail promised to close about 50 of them.