The Kremlin has made it vastly more difficult and more costly for Western companies to sell their Russian businesses.
"With the increasingly challenging environment, DPRussia's immediate holding company is now compelled to take this step, which will bring about the termination of the attempted sale process of DPRussia as a going concern and, inevitably, the group's presence in Russia," DP Eurasia said in a statement.The company operates 142 stores in Russia and is the country's third-largest pizza delivery business.
It's possible that its pizza outlets will continue to operate in Russia under new ownership and branding.and Starbucks in Russia were taken over by local players and renamed after their parent companies exited the country.
Source: News Formal (newsformal.com)
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