Alexander Zanadvorov, the owner of Russian retailer Seventh Continent, is reportedly considering selling the grocery chain in order to meet debt obligations.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


According to reports in Russia, Zanadvorov secured a US$560m loan from Deutsche Bank, secured against 74.81% of shares in the retailer.


With Deutsche Bank having issued a margin call, meaning that securities have decreased in value past a certain point, Zanadvorov will now be forced to either deposit more money in the account or to sell off some assets.


According to Russian daily Kommersant, Zanadvorov is considering the possibility of selling the supermarket group in order to repay the loan.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now