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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
New owners of locations that once housed McDonald's and Starbucks say they got a great deal. In May 2022, McDonald's stopped doing business in Russia, citing the war in Ukraine, and the "unpredictable operating environment." They replaced Big Macs with Big Hits and sold a record 120,000 burgers on the first day in business, the chain's CEO told Reuters at the time. "We have never seen such daily turnover in the whole time McDonald's has worked in Russia," Oleg Paroev told Reuters in June 2022. Starbucks locations in Russia also ceased operations around the same time and became Stars Coffee, a cafe with a familiar green logo of a vaguely seafaring-looking queen.
Persons: , McDonald's, Krispy Kreme, Oleg Paroev, Maxim, Anton Pinskiy, Timati, Vladimir Putin, Pinskiy, Alexander Govor, Vladimir Organizations: Global, Service, Guardian, Reuters, REUTERS, Tass, Starbucks Locations: Russia, Ukraine, Moscow, Russian
A chain of new donut shops called Krunchy Dream has sprung up in Russia, where Krispy Kreme once stood. They are owned by the Novikov Group, whose owner Arkady Novikov is Krispy Kreme's only former franchisee in Russia. It then proceeded to shutter all Russian Krispy Kreme shops. Krispy Kreme said in its second-quarter earnings results release that it had closed 30 franchise shops in Russia. Krispy Kreme and the Novikov Group did not immediately respond to Insider's requests for comment which were sent outside regular business hours.
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