Intertorg Closing its Supermarkets in St. Petersburg and Other Cities

In St. Petersburg and the Leningrad region, some of Spar and Semija supermarkets were closed. The management of the retailer decided to close 37 unprofitable stores, 20 stores in St. Petersburg, 11 in the Leningrad region, 3 in Murmansk and 3 the Murmanks region and in Petrozavodsk. In summer and autumn, the stores in Cherepovets, Velikij Novgorod and other smaller cities were closed.

At the beginning of October 2019, Intertorg managed 249 supermarkets Semija, 8 supermarkets Idea, as well as 184 supermarkets and 11 hypermarkets of the international brand Spar, which Intertorg is developing under franchising.

The volume of claims against Trading House Intertorg doubled in a month – up to 1.8 billion rubles.

The retailer problems can provoke a massive default of medium and small distributors.,