The owner of Domino’s Pizza in Russia initiated the bankruptcy of his business – Kommersant

DP Eurasia, which operates the Domino`s Pizza brand in Russia, said it had stopped trying to sell it. The company initiated the beginning of the bankruptcy of the Russian business. Its external debt is estimated at 520 million rubles.

“In an increasingly difficult environment, the DPRussia holding company is forced to take this step, which will lead to the termination of the attempt to sell DPRussia as a going concern and, inevitably, to the reduction of the group’s presence in Russia. The bankruptcy application for DPRussia will be filed in accordance with the requirements of the law,” the statement said. press release.

In March 2022, the master franchisee of Domino`s Pizza refused from royalties and stopped investing in Russia. In December DP Eurasia spokewhich is considering various options, including the sale of the Russian business.

Laura Keffer