OR Group (Obuv Rossii group of companies) and one of the world’s largest IT and logistics operators Cainiao (Cainiao Network is a part of Alibaba Group #BABA) signed a cooperation agreement. As part of the partnership, the OR Group’s retail outlets will host check-in terminals where AliExpress orders can be received. At the initial stage, checkpoints will be located in 98 outlets of OR Group in such cities as: Novosibirsk, Yekaterinburg, Krasnoyarsk, Omsk, Tyumen, Kazan, Nizhny Novgorod, Chelyabinsk and Ufa with the prospect of increasing the number of checkpoints to 200 within a year “
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We estimate that the share of orders issued in Obuv Rossii’s revenue in 2021 will be up to 2%.
In the meantime, placement of bonds Obuv Rossii 001P-04 (ISIN RU000A102NK2) is nearing completion. On 25.01 the placement is closed by 80%. The end of the placement is scheduled for this Wednesday-Friday (January 27-29).