Orby children’s clothing manufacturer intends to declare bankruptcy
A large orby children’s clothing manufacturer can leave the market. The company is preparing to submit bankruptcy applications for two of its legal entities and have already begun to close offline stores. Due to growing loan rates, the structure could transfer production space to banks as a deposit, but subsequently not to cope with debt service. An additional load on the business was created by a growing competition with an online segment.
Two main legal entities of the Orby children’s clothing manufacturer, LLC “Company Orbi” and LLC “PPO Orbita”, intend to apply to the Arbitration Court of the Kostroma Region with statements about bankruptcy. Messages about this on March 24 appeared on the portal « Fedresurs ». The network has already begun to reduce the number of stores. In the official group of the company on the VK social network, users pay attention to the closure of stores in Ufa, Yaroslavl, Nizhny Novgorod and Zelenograd near Moscow. In ORBY “Kommersant” did not answer promptly.
LLC « Company Orbi » and PPO « Orbit » are registered in 2004, follows from the data of the SPARK. The main beneficiaries of companies are Olga Glushko and Tatyana Kopnina. Orbi revenue in 2023 – 24 million rubles, net profit – 5.4 million rubles. In the ORBITA PPO, the indicators reached 1.9 billion and 63.4 million rubles. respectively. The year by the year, values increased by 58.3% and 19.2%. Orby was engaged in the production of children’s clothing in full cycle, selling products through her own offline network and on marketplaces.
The President of the Association of Industry of Children’s Products Antonina Tsitsulina notes that Orby is the largest manufacturer of children’s outerwear and school uniforms, in 2023 the company headed the manufacturers rating. The expert considers high lending rates a possible cause of bankruptcy: because of them, production areas are in the pledge of banks.
Among the ORBY creditors are large financial organizations, it follows from the SPARK. Anna Andreeva, senior lawyer of the KIIAP lawyer bureau, suggests that the company decided to announce its intention to launch a bankruptcy procedure, having lost their obligations to them.
1.5 million goods
sold in 2024 on marketplaces the Orby brand.
Evgenia Prilutskaya, head of the department for work with retail space of the Core.xp consulting company, says that Orby informed the market about the closure of stores in October. It does not exclude that the company will continue to work online, having left bankruptcy from lease agreements. The Children’s World reported that since December 2024, the sales of Orby goods, the volume of their supplies and drains are reduced.
The arbitration manager Tatyana Pugacheva says that after the announcement of the intention of bankruptcy, the company has 30 days to submit an application to the court. If this does not happen, it will be canceled. In order to initiate the process, the debtor will have to provide the court with accounting documentation, proving that his assets are less than liabilities, the lawyer explains. Then the check for fictitious bankruptcy will follow.
Orby is not the first network of children’s goods faced with difficulties in business. Earlier, the intention to transform his business was announced by the “boat” (see “Kommersant” of July 31, 2024). Evgenia Prilutskaya states that in the market for children’s goods as a whole, growing competition with online platforms negatively affects. In January -February, the sales of jackets for children for a year, by a year, increased by 66%, overalls, overalls, overalls by 22%, the company noted. In March, the sales of windbreakers and demi -season jackets for children were added to 48% and 89%, respectively, the managing partner of Vanchugov and Partners, Alexei Vanchugov, believes that the ORBY business has negatively influenced the total growth in competition in the children’s goods segment and the resolution of the network to develop in franchise. This involves unstable quality and range of goods, he believes.
