28.12.2022, 12:37
Domino's Pizza may sell business in Russia
Source: OREANDA-NEWS
OREANDA-NEWS DP Eurasia, which manages the Domino's Pizza brand in Turkey and Russia, said it was considering various options, including the sale of the Russian business. Work on a potential deal is ongoing, and there can be no certainty about its outcome.
"DP Eurasia assesses its presence in Russia, the impact of sanctions and its ability to continue serving its customers in Russia. Consequently, the company is considering various options that may include the sale of Russian operations," DP Eurasia said in a statement.
In March, the Domino's Pizza master franchisee refused royalties and stopped investing in Russia. In October, the company announced that it would continue to optimize the number of its establishments in Russia. At the end of October, DP Eurasia had 171 pizzerias in Russia compared to 192 a year earlier.
"DP Eurasia assesses its presence in Russia, the impact of sanctions and its ability to continue serving its customers in Russia. Consequently, the company is considering various options that may include the sale of Russian operations," DP Eurasia said in a statement.
In March, the Domino's Pizza master franchisee refused royalties and stopped investing in Russia. In October, the company announced that it would continue to optimize the number of its establishments in Russia. At the end of October, DP Eurasia had 171 pizzerias in Russia compared to 192 a year earlier.
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