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. Last Updated: 07/27/2016

Bookberry’s Last 4 Stores to Close

The remaining four outlets of the Bookberry chain of bookstores are to close, following a bankruptcy claim filed by one of the firm’s creditors.

Over 100 claims against the company, which owes suppliers an estimated 239 million rubles ($7.6 million), have been filed in the Moscow Arbitration Court, according to the court’s web site.

The chain, controlled by Oleg Deripaska’s investment company Rainko, operated 13 stores in Moscow, the Moscow region and Yekaterinburg in 2008 but filed for bankruptcy protection in March. Creditors are to meet in mid-September. The bankruptcy hearing is scheduled for Sept. 24.

Oleg Bartenev, financial director of publishing house AST, told The Moscow Times that it was still possible that another retailer would purchase the Bookberry brand. The company, founded in 2002, made waves when it broke from the traditional Russian bookstore model with bright orange interiors and seated reading areas.