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Search resuls for: "DP Russia"


2 mentions found


The Russian entity of Domino's Pizza filed for bankruptcy earlier this month. Nine days later, a pair of Russian businessmen announced they'd taken over its assets, per Reuters. Now he and his business partner, Anton Pinskiy, have acquired 120 pizzerias with 2,000 employees, and will make only a minor change to the brand, per Reuters. The pair also bought all of Starbucks' 130 Russian coffee shops last year, and rebranded it as Stars Coffee. Wednesday's announcement came nine days after DP Eurasia — the Domino's company responsible for its Russian assets — announced it had filed for bankruptcy after ending attempts to find a buyer.
Persons: Pizza, they'd, they've, Putin, Timati, Anton Pinskiy, Pinskiy Organizations: Reuters, Service, YouTube, Guardian, Starbucks, Wall Street, Eurasia, , DP Eurasia, Russia Locations: Wall, Silicon, Moscow, Russian
Aug 21 (Reuters) - DP Eurasia (DPEU.L) will file for bankruptcy for its Russian business and exit the country, the operator of the Domino's Pizza brand in Russia, Turkey, Azerbaijan and Georgia said on Monday. In December, the company said it was considering options for its Russian operations, including a divestment, like other Western firms which have exited Moscow following its invasion of Ukraine. Some have managed to negotiate swift exits, often selling at huge discounts or handing the keys to local management. The pace of exits has now slowed substantially but the rules are even harder to navigate for those remaining. DP Russia, the third-largest pizza delivery company in the country, operated about 142 stores.
Persons: Eva Mathews, Dhanya Ann Thoppil, Savio D'Souza Organizations: DP Eurasia, Eurasia, DP Eurasia's Turkish, DP Russia, Thomson Locations: Russia, Turkey, Azerbaijan, Georgia, Moscow, Ukraine, Bengaluru
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