Russian chain Starbucks will be bought out by restaurateur Pinsky and Timati

Restaurateur Anton Pinsky and singer Timur Yunusov (Timati) and the Sindika company of Senator Arsen Kanokov will become the owners of the Russian business of the Starbucks coffee house chain, Pinsky himself told the Russian Forbes and RBC .

He did not disclose the terms of the deal. According to him, back in March, he proposed a deal to the former owners of the network.

“Judging by the fact that we are now closing the deal, we made the most correct offer,” he said.

On July 7, Vedomosti, citing sources, named Pinsky one of the likely buyers of Starbucks. The publication wrote that the deal could be closed as early as the 20th of July, it would include lease rights to all areas of Starbucks coffee houses with repairs (but without the possibility of using Starbucks products and technologies), as well as premises in the Pushkino Park shopping center, which is owned by the company.

One of the sources of the newspaper said that the rebranding would be a condition of the deal.

In early March, Starbucks suspended business activity in Russia, and at the end of May announced that it would leave the Russian market along with the brand.

The Starbucks network in Russia has 130 coffee houses, which are managed by the company’s partner (the operator of the Russian network is Coffee Sirena LLC). The first Starbucks coffee shop in Russia was opened in 2007.

According to the SPARK-Interfax analytical system , the revenue of Coffee Sirena LLC in 2021 amounted to 5.155 billion rubles against 3.629 billion rubles in 2020, net profit – 199 million rubles against 523 million rubles of net loss, respectively.

Pinsky is engaged in the development of restaurant and club projects, he is also a partner of restaurateur Arkady Novikov. The Pinskiy&Co group includes the restaurants Avocado Queen, Cheese Factory, Medusa, Magadan, Simach, Vysota 5642 and others, some of which Pinsky manages in partnership with Novikov.

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