Stars Coffee announced plans to open outlets abroad
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The new chain of coffee houses Stars Coffee plans to open establishments abroad, said co-owner of the network, singer and businessman Timur Yunusov (Timati).
“We are actively planning to develop abroad, because the demand is huge. We are now on the waitlist [листе ожидания] points, probably 20-25 at once. Requests came from completely different parts – Asia, the Middle East, and even European countries, ”said Timati (quote according to TASS).
Another co-owner of the network, Anton Pinsky, in turn, noted that these will be those countries in which Starbucks is not represented for one reason or another – “they saw a window of opportunity for themselves to get a piece of a new international brand with us,” he said.
In early March, Starbucks suspended business activity in Russia due to SVO in Ukraine: the company stopped supplying its products and closed coffee shops. On May 23, she announced that she had decided to leave the Russian market. The company, which has worked in Russia for 15 years, closed 130 establishments. Revenue of the legal entity of Starbucks in Russia “Coffee Sirena” according to RAS in 2021 grew by 42% to 5.2 billion rubles. The company’s net profit under RAS is 199.2 million rubles. against a loss of 523.2 million rubles. in 2020
On July 15, Pinsky announced that he, Timati, and the Sindika company of Senator Arsen Kanokov would buy out the Russian business of Starbucks. Pinsky did not disclose the terms of the deal. According to him, negotiations with Starbucks began in March. At the end of July, Timati announced that the deal had been completed, the first outlets would open in August. According to Mikhail Burmistrov, General Director of Infoline Analytics, the purchase amount is unlikely to exceed 700 million rubles. due to a significant discount. The head of the CORE.XP retail department, Marina Malakhatko, estimates it in the range of 1.6-3 billion rubles. depending on the structure of the transaction and the package.
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