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    Home > Food News > Food Articles > Russian pizza chain considers returning to the Chinese market

    Russian pizza chain considers returning to the Chinese market

    • Last Update: 2021-05-08
    • Source: Internet
    • Author: User
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    Andrei Prokhorovich, general manager of Eurasia Development , former head of the foodmate.
    net/tag_5027.
    html" class="zdbq" title="China-related food information" target="_blank">Chinese branch of the Russian pizza chain Dodo Pizza and the first franchisee of the Chinese chain’s first pizza restaurant, said at an online event in Moscow that Dodo Pizza The company may return to the Chinese market after a global initial public offering (IPO) in 2024.
     
    Pizza chain Dodo Pizza opened its first store in China in 2016 in Yantai.
    Later, Dodo Brands opened chain restaurants in the United States and the United Kingdom.
    On April 1, 2020, company founder Fedor Ofchnikov announced that the board of directors of Dodo Brands has decided to close the pizzeria in China.
    The company intends to concentrate on its development in the UK.
     
    Prokhorovic said that the company's board of directors decided to move financial and human resources out of China, but after the initial public offering in the global market, the company may return to China later.
     
    In early March, Overchinikov stated that Dodo Brands plans to conduct an initial public offering in early 2024.
    The company plans to raise 50 million to 100 million US dollars.
    foodmate.
    net/tag_5027.
    html" class="zdbq" title="China-related food information" target="_blank">China
     
      Pizza chain Dodo Pizza opened its first store in China in 2016 in Yantai.
    Later, Dodo Brands opened chain restaurants in the United States and the United Kingdom.
    On April 1, 2020, company founder Fedor Ofchnikov announced that the board of directors of Dodo Brands has decided to close the pizzeria in China.
    The company intends to concentrate on its development in the UK.
     
      Prokhorovic said that the company's board of directors decided to move financial and human resources out of China, but after the initial public offering in the global market, the company may return to China later.
     
      In early March, Overchinikov stated that Dodo Brands plans to conduct an initial public offering in early 2024.
    The company plans to raise 50 million to 100 million US dollars.
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