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China Xiaomi goes bankrupt - Distribution company Retentiva stops production, xi.mp4

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Published on 24 Oct 2021 / In News and Politics

China Xiaomi goes bankrupt : Distribution company Retentiva stops production, xiaomi is in debt trap

The Retentiva Distribution Company, operating under the Retentiva brand, was founded by Denis Cherfas eight years ago, and the owner's share was pledged to Sberbank almost until the end of 2022. At the same time, the main initiator of the bankruptcy of the company was Otkritie Bank.

During the court session, the bank declared 666 million rubles of debt, which were included in the register. The company owes another 714 million rubles to a subsidiary of Gazprombank (GPB Factoring). The claims of other companies, represented by Mobilidi (201 million) and Marvel-Distribution (99 million), were also satisfied by the court.

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