The Main Building of Vitsebsk CF Knocked Down

OAO Classics of Fashion (CF) in Vitebsk was recognized bankrupt in the summer of 2015.

The company had large debts that are not covered by now. To pay salaries its management sells property.

Narodnaya Volya informs that the summer camp "The Seagull" near Vitsebsk was knocked down. A new owner intends to open an agricultural mansion houseю

The other day it became known about sale of the main building and other premises. Its initial value is more than 7.5 million rubles.

-The entire enterprise is being sold, OAO CF crisis manager Pavel Zayats said. - Debt to employees equals to 70%. Closing-down terms of the CF company will be postponed unless the issue is finally resolved. The sale of object is challenging. The situation is common for the country.

When OAO CF declared itself a bankrupt the city authorities and factories offered people a work at other sites. In 2015 only few people used that opportunity cited to low wages.

Information. OAO Classics of the Fashion is one of the largest enterprises of the knitting industry of Belarus. It was founded in 1931. CF produced a wide range of hosiery, underwear and knitted products. It was repeatedly awarded at international contests. In August 2015 the enterprise was recognized bankrupt.