Shares of OR Group on the Moscow Exchange grew by 40%

The value of shares of PJSC “OR Group” for Moscow Exchange increased by 40% to 7.63 rubles. for paper. As of 12:47 the price remains at the level of 7.63 rubles. per share.

November 24 TASS reported that OR Group (formerly Obuv Rossii Group), which includes PJSC OR Group, intends to avoid the bankruptcy of its S-tep shoe factory in Novosibirsk by entering into an amicable agreement with the key creditor, PSC Brest Plus.

In October, to the arbitration courts of Moscow and the Novosibirsk region received at least seven applications of creditors for declaring bankrupt subsidiaries of OR Group.

OR Group is a trading platform that combines the Westfalika.ru marketplace, a network of retail and service outlets, and manufactures shoes under its own brands. The group was founded in 2003 in Novosibirsk and is included in the list of backbone enterprises in the light industry. Since the beginning of 2022, LLC OR, a member of the group, has made a series of defaults on bond issues. Among the reasons, the company cited a drop in traffic in offline retail during the pandemic, a decrease in purchasing power, an unstable situation in the financial market, high rates and the impossibility of refinancing.

On the plans of creditors to seek bankruptcy of OR Group – in the publication “Kommersant-Siberia” “Creditors trample shoes”.

Erdni Kagaltynov