London CNN —Domino’s Pizza will close all its outlets in Russia, becoming one of the first major Western fast-food chains to exit the country since McDonald’s and Starbucks left more than a year ago.
DP Eurasia — the company that owns franchise rights for the Domino’s Pizza brand in Russia, Turkey, Azerbaijan and Georgia — said Monday that it would file for bankruptcy for its Russian unit, DPRussia.
The move highlights the increasingly hard choices facing Western firms that stayed in Russia after the start of the Ukraine war.
The Kremlin has made it vastly more difficult and more costly for Western companies to sell their Russian businesses.
Starbucks became Stars Coffee and McDonald’s is now “Vkusno i tochka,” which translates to “Tasty, period.”In a statement, New York-listed Domino’s Pizza Inc (DPZ).
Persons:
Georgia —, “
Organizations:
London CNN, Starbucks, Eurasia —, Carlsberg, Danone, ” DP Eurasia, DP, Yale University, Kremlin
Locations:
Russia, Turkey, Azerbaijan, Georgia, Ukraine, ”, New York