Russian arm of fast food chain Domino’s set to close

The franchisee runs around 170 Domino’s pizza sites in the country, and had previously said it was “evaluating its presence” there.

The Russian economy has been hit by sanctions since President Vladimir Putin launched an unprovoked full-scale attack on Ukraine in February 2022, a continuation of the Kremlin’s campaign in eastern Ukraine and Crimea which started in 2014.

Although DP Eurasia has not been named by Ukraine as one of the International Sponsors of War it has faced criticism for continuing to do business in Russia.

DP Eurasia said on Monday: “The company today announces the initiation of steps by DP Russia’s immediate holding company to file for DP Russia’s bankruptcy.

“This is preceded by the announcement on 28 December 2022, which confirmed that the company was evaluating its presence in Russia, the impact of sanctions, and its continuing ability to serve its customers in Russia.”

It added: “With the increasingly challenging environment, DP Russia’s immediate holding company is now compelled to take this step, which will bring about the termination of the attempted sale process of DP Russia as a going concern and, inevitably, the group’s presence in Russia.”

DP Eurasia has Domino’s franchise sites in Turkey, Russia, Azerbaijan and Georgia. In Turkey it is the biggest pizza delivery chain, with 673 sites, and it is the third-largest in Russia.