29 Nov 2017 19:11

Burger King to open over 100 restaurants in Russia in 2018

ST. PETERSBURG. Nov 29 (Interfax) - Burger King plans to open more than 100 new restaurants in Russia in 2018, the chain's general director in Russia, Dmitry Medovy, told journalists at the ribbon-cutting ceremony for the 500th Burger King restaurant in Russia, which was held in St. Petersburg on Wednesday.

"For now the investment is undergoing approval, but this will be over 100 restaurants," he said, adding that about 105 new Russian locations would be opened in 2017. Each restaurant costs an estimated 40 million rubles on average to open.

Russian enterprises supply about 90% of the food sold at Burger King restaurants in Russia. The meat is supplied by Miratorg and Marr, Medovy said.

Burger King, founded in 1954, currently has about 13,000 restaurants worldwide. Its first restaurant in Russia opened on January 20, 2010. Burger King in Russia operates on the franchise system, and its master franchisee is Burger Rus LLC, a joint venture between Burger King Europe, Alexander Kolobov, the owner of the cafe chain Shokoladnitsa, and VTB Capital.