Pizza group DP Eurasia sharpens Turkish focus as Russia risk high [Reuters]
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Source: Reuters
"The Turkish market has been growing faster than two-to-three years ago and our coffee business is clearly a huge opportunity," Chief Executive Officer Aslan Saranga told a conference call. "Nobody knows when this war is going to finish and when the sanctions are going to finish," he said when asked about Russia. While many Western companies, including McDonald's (MCD.N) and Pizza Hut (YUM.N) , withdrew from the Russian market after Moscow's invasion of Ukraine began on Feb. 24, DP Eurasia said in April it planned to stay, but would limit investment there. read more In Russia, the group's second-biggest market, DP Eurasia had 171 stores as of September compared to 184 at the end of June. The group on Friday reported total sales jumped 66% in the first six months of the year after it launched cheaper products to cope with inflation. Before adjustments for hyperinflation in Turkey, sales at the group's own stores and franchise outlets rose to 1.75 billion Turkish lira ($94.41
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MCD
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MCD
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- 4/18/24 - Form PX14A6G
- 4/9/24 - Form PX14A6G
- 4/8/24 - Form DEFA14A
- MCD's page on the SEC website