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23 Aug, 2023 06:25

Russia’s top rapper considers taking over Domino’s Pizza – media

Timati made the announcement on his Instagram account
Russia’s top rapper considers taking over Domino’s Pizza – media

Russian rapper and businessman Timati (Timur Yunusov), along with entrepreneur Anton Pinsky, has shown interest in acquiring Domino’s Pizza outlets in Russia. 

The company announced on Monday that it would file for bankruptcy for its Russian business unit and exit the sanctions-hit country.

“In view of the departure from the country and the bankruptcy proceedings of Domino’s Pizza, I ask the management to contact us and discuss the possibility of buying a pizza chain with subsequent rebranding under our leadership,” Yunusov wrote on Instagram.

Yunusov and Pinsky already have experience in restarting the business of a company that had pulled out of Russia due to sanctions pressure, namely Starbucks. They’ve successfully rebranded the Seattle-based company’s coffee shops in Russia into Stars Coffee.

The exit of Domino’s Pizza from Russia comes amid pressure from Ukraine-related Western sanctions. The company said in December that it was considering various options for its operations in Russia, including a divestment.

Domino’s Russian unit, DPRussia, is the country’s third-largest pizza delivery company and operates about 142 outlets.

For more stories on economy & finance visit RT's business section

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