Thursday, May 6, 2010

Two Rabbit Cages Stack

Russia / Restaurants Activities / Rosinter a loss

of Rosinter Restaurants Holding (Rosinter) manages a wide network of restaurants in Russia and the CIS, has been in the first quarter 2010 12.367 million rubles net loss of RAR against 39.2 million rubles of net profit a year earlier, it should be from the message of the company.

By the end of the first quarter of 2010, OJSC "Rosinter Restaurants Holding operates 348 restaurants (91 runs on franchised) in Russia, CIS and Central Europe, including the Baltic countries. The network consists of restaurants under the trademarks "IL Patio, Planet Sushi and 1-2-3 Cafe and under the trademarks, used under license, TGI Friday's and "Siberian Crown". The company is also developing a chain of coffee houses in Russia, Costa Coffee (20 stores) under a joint venture with Whitbread Plc.

According to unaudited data, Rosinter in 2009 increased revenues by 0.7% compared with 2008 - up to 8.53 billion rubles. In the first quarter of 2010, revenues increased by 13.6% over the same period in 2009 - up to 2.153 billion rubles.

Source: RIA Novosti

More news on franchising is available here:
http://www.retail.ru/news/43542/
http://www.franchising.org.ua/chtivo/novosti-franchajzinga . html

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