MOSCOW (Reuters) - A Russian court has lifted an arrest warrant pending over Sergei Pugachev, owner of insolvent French luxury food retailer Hediard, due to 'technical violations,' Interfax reported on Friday, in a case related to his Russian business interests.
Pugachev's Luxadvor group bought Hediard, the 150-year-old French chain of luxury food shops, in 2007 in a deal that aimed to help it to expand abroad, but the chain has continued to lose money for the past six years. In October, Hediard was placed under court-ordered restructuring after it filed for insolvency.
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