Rosinter Announced Agreement with RZD
OREANDA-NEWS. Rosinter Restaurants Holding, OJSC, announces that following an agreement with Catering at Railway Stations, OJSC, it will develop and operate its restaurants and coffee shops in the railway stations operated by the Passenger Stations Directorate - RZD affiliate.
Rosinter Restaurants Holding, OJSC (“Rosinter”, “The Holding”), the leading casual dining chain operator in Russia and the CIS (MICEX-RTS ticker: ROST), announces that according to its agreement with Catering at Railway Stations, OJSC (a subsidiary of the project office of the Directorate - RZD, OJSC - Razvitie vokzalov) the Company will open new restaurants and coffee shops under its key brands including IL Patio, Costa Coffee, T.G.I. Friday’s, and Planet Sushi, and under its trademarks for development in transportation hubs only - Mama Russia and American Bar & Grill - using the commercial infrastructure of the railway facilities operated by the Passenger Stations Directorate, affiliated to RZD. In 2013-2014, Rosinter is planning to gradually put into operation more than 13 outlets in Yaroslavsky, Kazansky, Belorussky, Paveletsky, and Leningradsky railway stations (Moscow, Russian Federation). The total floor area of the rented premises will amount to more than 4 000 sq. m.
Kevin Todd, President and CEO, Rosinter Restaurants Holding, OJSC:
“Rosinter has a vast experience in the establishment and management of restaurants in transportation hubs, and we are sure that our joint efforts will make an important contribution to take the service, comfort and security provided at these railway stations to a new level. This is one of the most exciting projects we are currently engaged in, and it allows us to bring out our key brands’ potential and design a comprehensive solution for the development of our multi-location foodservice offers in these railway stations. We are going to develop an optimal range of cuisines, concepts and formats and I’m sure that both Muscovites and our guests will value and enjoy our offer. We very much appreciate the opportunity to be engaged in the substantial and large-scale transformation project for Russian railway infrastructures run by RZD and, in particular, by the Passenger Stations Directorate.”
Zurab Mutiyev, Chairman of the board of directors of Catering at Railway Stations, OJSC:
“In terms of achieving an effective use of Passenger Stations Directorate’s terminals and creating comfortable conditions for consumers, our priority is to attract the cooperation of the catering market’s large players. Chain companies do not only guarantee strict quality control of production and provide consistency of service standards, but they are also ready to carry out large investments into trade and commercial infrastructure. The total amount contemplated in our investment program for public catering services during
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