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Domino's Pizza signals closure of Russian business (www.bbc.com)

submitted 1 year ago by mike591@kbin.social to c/news@kbin.social

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The franchise owner says it will place its Russian business into bankruptcy.

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[–] Heresy_generator@kbin.social 3 points 1 year ago* (last edited 1 year ago)

they stopped royalty payments

I love how [they stopped taking money out of Russia and instead let their Russian franchises keep it all] is supposed to be a good thing.

The truth of the matter is they did the bare minimum they felt they had to under the sanctions regime and held on for the last year and a half hoping this whole thing would just blow over and business as usual could continue. They could have exited in a week and ate the costs like other companies did, instead they left all of the stores, a third of which they own outright, open for as long as they could.