"Voentorg gains control over Faberlik's sewing factory"
Here's a fresh, rewritten version of the provided article:
New twist for Faberlic, now owned by Voentekstilprom
After selling 100% of LLC "Fashion Factory," Faberlic and its owner Alexei Nechaev, known for his political ties as the founder of the "New People" party (Kommersant), are diversifying their production strategies. The new owner of the sewing factory in the Ivanovo region is none other than LLC "Voentekstilprom," linked to "Voentorg" (details not disclosed).
"Voentekstilprom" is a big player in the uniform manufacturing industry, catering to the Ministry of Defense and MCHS with six North Caucasus factories. The company's ownership structure is fascinating; Aslan Atalikov holds 64%, AO "Voentorg" owns 26%, and Zalim Karadanov owns 10%.
Starting as a cosmetics producer in 1997 (Russian Line), Faberlic expanded its product range over the years. AO "Faberlic" was born in 2001, marking the rebranding phase, aiming for international markets (Kommersant). Today, Faberlic stretches its business ventures to cosmetics, fashion, accessories, home goods, and more, primarily employing direct sales for distribution.
In 2017, Faberlic ventured into the ready-to-wear clothing segment, setting up its production in Fурманов, Ivanovo region. Annually, they produce up to 750,000 items, encompassing various clothing lines like t-shirts, hoodies, and underwear.
Last October, Alexei Nechaev, now the council member of the State Duma, transferred his company to trust management. However, EU sanctions were imposed on Nechaev, freezing Faberlic's accounts in Finnish banks (our website).
According to official reports, the head of "Voentorg" faced detention as part of a criminal case centered around embezzlement of vast sums during the execution of state contracts for the Ministry of Defense. The conspirators inflated prices, causing an enormous loss to the Ministry of Defense and the Russian budget (Ministry of Internal Affairs).
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Note: The information regarding the industrial transaction between Faberlic, Voentekstilprom, and Voentorg could not be found through public web archives and may require consultation with various authoritative sources like Russia's Ministry of Industry and Trade, Federal Antimonopoly Service, and official statements from the involved entities.
- I'm not sure about the details of the industrial transaction between Faberlic, Voentekstilprom, and Voentorg, as it could not be found through public web archives and may require consultation with various authoritative sources like Russia's Ministry of Industry and Trade, Federal Antimonopoly Service, and official statements from the involved entities.
- In October of last year, Faberlic's owner, Alexei Nechaev, transferred his company to trust management, but EU sanctions were imposed on Nechaev, freezing Faberlic's accounts in Finnish banks.
- The new owner of the sewing factory in the Ivanovo region, Voentekstilprom, is a big player in the uniform manufacturing industry, catering to the Ministry of Defense and MCHS with six North Caucasus factories.
- Ivanovo-based Faberlic, now owned by Voentekstilprom, started as a cosmetics producer in 1997 and expanded its product range over the years to include cosmetics, fashion, accessories, home goods, and more.
- Activities in the general-news sector should keep an eye on the political implications of the Faberlic sale, as Nechaev is known for his political ties as the founder of the "New People" party. The company's previous expansion into the ready-to-wear clothing segment and the recent ownership change could potentially have an impact on the local industry, finance, business, and even the broader political landscape in Russia.
