The Moscow Arbitration Court ruled Kvant LLC bankrupt. The company, registered in Zelenograd in June 2016, assembled Irbis televisions at plants in Zelenograd and Voronezh. Production halted in April 2025, according to Kommersant, due to weak demand and lengthy paperwork required to remain on the ministry's registry.
The bankruptcy petition was filed in June 2025 by a subsidiary of the DNS retail group over a debt of 654.6 million rubles. Another 24 creditors later joined the case, with total claims exceeding 763 million rubles. Among them are a Yandex affiliate, Alice Laboratory LLC, seeking 230.7 million rubles, and BBK Trading House JSC with 154.8 million rubles. The Moscow Times reported total claims against the company reached about 4.15 billion rubles.
Kvant's financial position deteriorated sharply: revenue fell from 13.1 billion rubles in 2023 to 4.9 billion in 2024, and in 2025 it amounted to just 45 million rubles with a loss of 387 million. Market participants linked Kvant's problems to intense competition. According to Huseyn Imanov, founder of the Jacky's brand, Russian-made televisions cannot compete with Chinese ones — "protective duties" do not help because production in Russia costs more. OCS home electronics department director Vladislav Borodin noted that Irbis is hard to promote in retail due to its high price.
A sale of the company was considered as a rescue option. The newspaper named NexTouch, Sber, and Yandex as potential buyers. In spring 2026, information emerged about a possible NexTouch entry into the company's capital, but the deal was not completed.