Chichvarkin's Business Loses 239M RUB Over Two Years
Eugene Chichvarkin has been running a loss-making business for two consecutive years, closing multiple restaurants and accumulating debts of around 2 billion rubles, with his company Hedonism Drinks relying on his financial support and facing audit concerns about sustainability.
Consensus
- Eugene Chichvarkin's business has incurred losses for two consecutive years.
- Chichvarkin's company, Hedonism Drinks, has accumulated debts of approximately 2 billion rubles.
- Hedonism Drinks has suffered a net loss of 822,700 pounds in 2025 and 1.29 million pounds in 2024.
- The company's short-term liabilities reached 17.8 million pounds (about 2 billion rubles).
- The restaurant HIDE, part of Hedonism Drinks, reported a net loss of 436,000 pounds in 2025 with revenue of 13.15 million pounds (about 1.5 billion rubles).
- HIDE's liabilities exceed the value of its assets and cash reserves.
- The short-term liabilities of HIDE reached approximately 3 billion rubles.
- The wine bar 5 White Horse, part of Chichvarkin's group, closed in December 2025 due to building reconstruction by the landlord.
- Hedonism Drinks depends on continued financial support from Chichvarkin.
- Auditors have expressed doubts about the company's ability to continue operations.
- Chichvarkin is a foreign agent and is listed as a terrorist or extremist in Russia.
Points of divergence
- Chichvarkin is wanted by authorities and has fled abroad; he was arrested in absentia in September of the previous year and the prosecution has submitted an indictment seeking nine years in prison. — vm
- Chichvarkin is labeled as a foreign agent. — tg_bazabazon
Coverage (2 sources)
- Baza: Chichvarkin* has been running a loss-making business for two years in a row and closing restaurants — Вечерняя Москва
- Eugeny Chichvarkin* leads loss-making business for two years in a row and closes restaurants — losses amounted to about 239 million rubles, — Baza