Domino`s Pizza

Domino's Pizza was founded in 1960 by the Monaghan brothers. The head office is located in Ann Arbor (Michigan). In Russia, the company is represented by Pizza Restaurants LLC.

History

2023

Reper Timati and restaurateur Anton Pinsky bought Domino's Pizza's Russian business

Rapper Timati and restaurateur Anton Pinsky bought Domino's Pizza's Russian business. This became known at the end of August 2023.

We decided to do pizza. From that day on, officially, - wrote Yunusov on his page on the social network "VKontakte."

Timati and Anton Pinsky

To the message, he attached a photo with Pinsky, in which he holds a branded Domino's Pizza thermoruczac. The entrepreneur does not give other details of the transaction in the message.

Domino's Pizza's previous owner was DP Eurasia. On August 21, she announced the cessation of attempts to sell Russian assets of a pizzeria in Russia and announced the launch of bankruptcy proceedings. According to experts, after the end of the procedure, the company's presence in the Russian Federation will sharply decrease. DP Eurasia itself claims that the reason for the bankruptcy of the network was the complication of the conditions for doing business in the Russian Federation.

In July 2023, it was reported that the Domino's Pizza chain would change its name in Russia. It was said that from July 17, pizzerias will start working under the Best Price Pizza brand. Meanwhile, representatives of Domino's Pizza denied the change of brand, noting that the network will continue to operate under the same name.

On August 23, 2023, Anton Pinsky said that he entered into negotiations with franchisees.

The Dutch announced their departure from the country and filing for bankruptcy. They have their own restaurants in Russia and have franchisees. So, now almost all of their Russian franchisees, after Timati's post on social networks, have contacted with a proposal to enter into negotiations with them to find possible options. And we are now discussing all these options with them, "Pinsky noted.

Timati and Pinsky have already jointly restarted Starbucks coffee shops in Russia. They have been operating as Stars Coffee since August 2022. The media reported that the purchase cost entrepreneurs 500 million rubles.^[1]

Domino's Pizza master franchisee reduced the number of points of sale in Russia by a quarter

By the end of April 2023, DP Eurasia N.V., the master franchisee of Domino's Pizza chain in, Turkey, and Russia, Georgia Azerbaijan reduced the number of points of sale in the Russian Federation to 142 from 184 a year earlier. Thus, we are talking about cutting the network by about a quarter. This became known at the end of May 2023.

The report also reported that comparable sales (LfL) in the Russian market fell by 23.9%, while a year ago the decline was 1.5%. In the reporting currency, DP Eurasia sales in the Russian Federation amounted to 291.1 million Turkish lira (about $14.5 million), the growth of the indicator year-on-year amounted to 2.8%.

The number of Domino's Pizza outlets in Russia decreased to 142

By the end of May 2023, DP Eurasia "assesses its presence in Russia, the impact of sanctions and the ability to continue serving its customers" in the country. The company said it was working on a possible sale of assets, but so far "one cannot be sure of its result."

Soon after the start of the military operation in Ukraine, DP Eurasia refused royalties from Russian enterprises and limited investments in Russia. Later, the company announced that it continues to reduce investments and optimize operations, in connection with which it closed several establishments in the first half of the year.

In March 2023, Telegram channel Mash reported that the Domino's Pizza chain faced serious debts, lawsuits and difficulties with the landlords of commercial premises. Mash found 24 lawsuits against the Russian office of Domino's Pizza for a total of 74 million rubles. In particular, the owners of Dominos owed 3.4 million to one of the owners.

In February 2023, one of the network's creditors announced that he was preparing an application to the Arbitration Court to declare Pizza Restaurants LLC (Domino's Pizza legal entity in Russia) bankrupt. Also, journalists reported on the mass of customer claims to the pizzeria - long delivery, denial of orders, confused addresses^[2]

2022: The company is studying the issue of continuing to work in Russia during the conflict in Ukraine

DP Eurasia N.V., master franchisee of Domino's Pizza chain in Turkey, Russia, Georgia and Azerbaijan, allowed the sale of Russian business. At the end of December 2022, the company is assessing its presence in Russia, the impact of sanctions and the further opportunity to continue serving customers in the Russian Federation amid the conflict in Ukraine.

2021: 9th in US sales: $8.6 billion

2020: Market share of ready-to-eat food delivery for September - 1.5% (-1.1 pp)

Market Shares of Leading Players in the Ready-Made Food Delivery Market, 2019 - 2020

2017:77 restaurants in Russia

As of March 2017, Domino's has more than 13 thousand pizzerias in 80 countries of the world and annually prepares more than 400 million pizzas. One of the main factors in the company's success is the delivery of pizza within 30 minutes. 77 restaurants have been opened in Russia.

1998: Opening of the first restaurant in Russia

Domino's Pizza opened its first restaurant in Russia in 1998 in Moscow.

Notes