Stars Coffee plans to open 100 stores at the Starbucks site in two months

The Sindika company, which bought out the Russian business of Starbucks together with rapper Timati, intends to open about 100 Stars Coffee coffee houses in Russia in two months, informs TASS with reference to the company’s president Oleg Eskindarov.

“We now have a goal at the beginning to open the maximum number of all the coffee shops that Starbucks was engaged in. There were 130 objects. We hope that we will be able to open about a hundred objects – this is our task for the next two months, ”he said.

Eskindarov explained that not all the remaining objects are of interest to the company, while some of them are already ending lease agreements, the issue of their extension will be considered by Sindika in the near future. “This is such a technical job – we get rid of the bad, leave the good and improve,” he explained.

He also noted that Starts coffee could launch coffee shops in new locations, in cities where Starbucks did not previously have a presence. Sindika, notes Eskindarov, is “for active growth”, therefore, as soon as the company notices that their forecasts for financial returns are justified, options for opening in new places will be immediately considered. “Although, of course, Moscow and St. Petersburg will remain our base points,” 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. May 23 she reportedthat has 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

July 15, owner of Pinskiy & Co Anton Pinsky informed Forbes, that he, Timati and the Sindika company of Senator Arsen Kanokov will 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.

Subscribe on Vedomosti on Telegram and stay up to date with the main economic and business news.