Star chain: Pernod Ricard Armenia forces us into bankruptcy

It was reported yesterday that Star supermarket chain would soon file for bankruptcy due to its unpaid debts to numerous suppliers. Aysor.am made an attempt to clarify that information from the company itself.

In response to our inquiry, Star Divide CJSC that the company did not start the bankruptcy process on its own initiative, moreover, it will dispute its bankruptcy in all courts.

The company sent the following response to the inquiry of Aysor.am:

“In response to your written inquiry of August 2, 2013, we inform you that Star Divide CJSC did not start the bankruptcy process on its own initiative, but it was started based on Pernod Ricard Armenia CJSC’s lawsuit to declare Star Divide CJSC bankrupt.

The company will dispute – in the order prescribed by law – its bankruptcy in all courts, having clear-cut plans to overcome its problems and continue developing”.