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Russian Restaurateurs will Close from 20 to 50% of Establishments Due to the Crisis
27.04.2020 17:42
Russian Restaurateurs will Close from 20 to 50% of Establishments Due to the Crisis

Russian restaurateurs plan to close part of their establishments to save businesses during the  crisis. On average, market representatives plan to close from 20 to 50% of points.

      So, Oleg Podgorny, the general director of the company Shokoladnitsa,  also running the Coffee House and Wabi Sabi establishments, says that up to 50% of  restaurants and cafes can be closed. Mikhail Goncharov, the founder of the Teremok network, said that he could close up to 30% of points because landlords refuse to make concessions. Tigrus Holding, which includes Osteria Mario, BarBQ cafe and Shvili, says about the possible closure of up to 20% of establishments. Maxim Popov, the founder of the Streat street food market, says that about 20% of project tenants will not survive the crisis.

      According to Oleg Podgorny, now some representatives of the industry manage to maintain part of the turnover thanks to the system of take-away and delivery orders. Nevertheless, the situation in the industry may worsen if the state does not resolve the issue of tax holidays and affordable financing  - this scenario Podgorny calls the most negative one for the industry.

Author: Anna Dorozhkina

Tags: Moscow restaurants Russian business coronavirus Moscow  

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