THE RUSSIAN arm of fast food chain Domino's is likely to close after its London-listed parent company decided to put it into bankruptcy.

Apparently failing to find a buyer for the Russian business, DP Eurasia said it has decided its subsidiary should instead file for bankruptcy.

The franchise 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 invaded Ukraine last year.

Although DP Eurasia has not been named by Ukraine as one of the International Sponsors of War - a list which includes businesses such as Unilever, Procter & Gamble, Yves Rocher and Mondelez - it has faced criticism for continuing to do business in Russia.

The company yesterday said the "increasingly challenging environment" had "compelled" it to terminate the attempted sale process of DP Russia as a going concern.

PA

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