Go Sport has filed for bankruptcy

The sporting goods store chain filed for bankruptcy earlier this week. This is according to unofficial information from Puls Biznesu.

The company is the first victim of the Interior Ministry’s sanctions. The company was included in the sanctions list announced on April 26 because it is indirectly controlled by Russians. They are brothers Nikolai and Vladimir Fartushniakov and Dmitry Dojchen. In Poland, Go Sport operated a chain of 25 sports accessory stores and online sales.

After the sanctions were imposed, all of Go Sport’s money was frozen. The company could not pay its obligations. Contractors began to terminate its contracts. Netia, for example, suspended its services, so that Go Sport was cut off from e-mail and the Internet. The owners of premises, where the company runs its stores, also terminated their contracts. Electricity companies announced power cuts, and PGNiG cut off gas.

All this forced the company to file for bankruptcy. Now it is not known whether an investor will be able to buy Go Sport’s shares. The company was put up for sale right after the outbreak of war in Ukraine . British company Sports Direct was interested in its purchase. UOKiK gave its consent to the concentration.

Source: https://www.pb.pl/go-sport-pierwsza-ofiara-sankcji-mswia-1150129