- August 24, 2023 / 2 min readThe restaurants are owned by franchise group DP Eurasia that will file for bankruptcy for its Russian unit, DP Eurasia, reported CNN.
QSR chain Domino's Pizza has announced plans to shut all 142 restaurants in Russia.
The restaurants are owned by franchise group DP Eurasia that will file for bankruptcy for its Russian unit, DP Eurasia, reported CNN.
"With the increasingly challenging environment, DP Eurasia immediate holding company is now compelled to take this step, which will bring about the termination of the attempted sale process of DP Eurasia as a going concern and, inevitably, the group's presence in Russia," DP Eurasia said in a statement.
With this announcement, Domino’s becomes the third chain in Russia to exit after McDonald's and Starbucks left last year.
The pizza chain may still continue to operate in Russia if purchased by another franchisee. Both McDonald's and Starbucks in Russia are now operated by local groups who bought the franchises and changed the names to local brands.
Domino's said it has not provided support for the Russia market since early 2022.
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