AZZATO cake house has closed.
The company’s former executive manager Zaza Koyava told Commersant that the Azerbaijani owner of 70% stake in AZZATO doesn’t want to do business in Georgia any longer.
"AZZATO paid off debts, the seizure was lifted but the Azerbaijani owner of 70% stake did not want to do business in Georgia.
As far as I know, he plans to bring his business under "Aza Cakes" name in Azerbaijan to Georgia. Other details are unknown to me", says Zaza Koyava.
According to the public register, the owner of a 70% stake of AZZATO (az-georgia LLC) is Zohrab Aslanov, a citizen of Azerbaijan, while 30% are owned by Mamuka Todua.
