News @lemmy.world jeffw @lemmy.world 1 yr. ago

Domino’s pulls out of Russia 18 months after Ukraine invasion

www.washingtonpost.com /business/2023/08/21/dominos-russia-bankruptcy/

The company that oversees the Domino’s Pizza brand in Russia said it will file for bankruptcy there, signaling a definitive end to its operations in that country nearly 18 months after President Vladimir Putin launched an unprovoked invasion of neighboring Ukraine.

DP Eurasia, the franchisee for Domino’s in Europe and Asia, cited unspecified business challenges in Russia, where it operated more than 100 restaurants. The U.S.-based Dominos Pizza has said it cut off financial support for the Russian business in December 2022.

A bankruptcy filing is now forthcoming, the company said.

73 comments

Fuck Domino's. They stayed for a fucking year and half. I hope they lost tons of money. Fucking vile sub-human shitbags.
- I mean, to be fair, they stopped all financial support to Russia in 2022 (still took too long). This was just a pre-existing licensing agreement. I doubt they could’ve revoked it. Most people don’t think to put a “must stop operating in any country that commits war crimes” clause in their licensing deals
  
  This is almost like being pissed at Boeing because russia stole their planes.
  
  Fair enough. Still pretty angry about it.
- Fucking vile sub-human shitbags.
  
  Sir, this is a pizza place that hires mostly teenagers. There are much greater evils to get sweaty about. This one isn't it.
- They actually stopped taking orders, it just took this long to finish their deliveries.
- Here it is. The embodiment of the example I gave (before I even saw this lmao) in my responses to the idiots down voting.
  
  Stop attaching morality to stupid fucking brands, people. The capitalists fucking hate you.
- You misread the article. It's not Domino's, it's the franchise owner who operates Domino's in Europe.
  
  The title is somewhat misleading
- guess they ran out of lube and could no longer deliver in 30 minutes or less.
- You have to keep in mind that the Russian government holds workers hostage. The Kremlin literally requires foreign companies to have an office with workers located in Russia just so that the workers can be threatened in order to pressure the company. And most companies care enough about their image to try and prevent headlines like "[Company] allowed workers in Russia to be murdered".
- Im gonna be honest man, you sound like a total tard. It's just pizza, i swear it has no effect on the war.
  
  Like it or not pizza guys are people too
Did it take them that long to figure out the bribes needed to create a subsidiary to continue doing business there without using the name anymore?
So brave.
Please pull out of Germany too. I want Hallo Pizza back.
- And Joey's!
Wow. Really quickly done there. /s

These companies are taking even longer:

https://som.yale.edu/story/2022/over-1000-companies-have-curtailed-operations-russia-some-remain

As in they are still operating as if nothing has happened.

Companies like:

Braun

British Telecom

Carl's Jr

Cloudflare

Honor

Kawasaki

Lacoste

Makita -New Yorker

Patreon

Riot Games

Sbarro

Tupperware

Valve

Yamaha

ZTE

There are a ton more that simply suspended new investment but are still operating.
- Sbarro should be allowed to continue in Russia. I've never eaten at a restaurant chain more demoralizing than that.
  
  Sbarro's to the front lines!
- Lol, ZTE is a Chinese company. They are 100% not pulling out.
  
  So is Riot Games lmao
Thank you Dominos for breaking the spirit of the Russian population with your horrible pizzas.
- Idk man, I think they're the best fast food pizzas. Better than Pizza Hut or Little Caesars, although Caesars is close
  
  Where does Papa John’s sit in your rankings?
  
  I haven’t had Little Caesar’s in a long time, but Papa John and Domino’s are both pretty solid options, and I like your term calling them “fast food pizza.”
  
  Then you just have garbage tier pizzas.
  In Germany they bought up Hallo Pizza, which was so much better, both in quality and what they offered.
  Also, all pizzas are fast food...
  
  I like domino's too. They have an ass wrecking buffalo chicken pizza that I can't get enough of
If Domino’s Pizza can end their presence in Russia, when will the Norwegian Sovereign Wealth Fund?

Didn’t they promise to pull out their 51 investments by February 2022?
- Last I heard is that they simply couldn't, as the assets were locked at the bank they were using in Russia, which came under sanctions. They technically still have the investments, but have written them off as worthless.
  
  According to this Norwegian publication in an article published January 31st 2023:
  
  the Norwegian oil fund still holds hundreds of millions worth of shares in petroleum companies like Gazprom, Novatek, Bashneft and Lukoil
  
  Even if the value of the companies they’ve invested in lowers, they still haven’t pulled out any of their financial investments from Russia. The investments could be worth very little, but they still have something invested in Russia.
  
  Is money more important to Norway than justice?
  
  Norwegian Government on February 28, 2022, ordered the Oil Fund to freeze all investments in Russia and prepare a plan for divesting with the goal of totally exiting the Russian stock market
  
  Why has it taken them much more than a year to even communicate their ‘plan’ to make the divestment happen?
  
  Is Domino’s Pizza really better at handling their finances than the wealthiest pension fund in the world?
They finally ran out of frozen dough.
Damn. That's a win for Russia :\
A new level of gross for Domino's
There can be no ethical consumption under capitalism.
- Where and when can there be ethical consumption?
  
  Find me an economic system where increasing profits at the expense of everything else isn't the only goal. Probably that one.
  
  Permanently Deleted
- You just steal your food from farmers then?
  
  I just don't attach morality to shitty brands or corporations. It's okay we don't need to act like they are "on our side" because inherently they are the ones exploiting us. They cater to the market, not a sense of morality. Acting like they actually care, or have some sort of moral compass is just sticking your head in the sand against the irrefutable evidence of the capitalist hellscape we live in.
  
  Because farming is specific to capitalism lmfao what a dumbass response. Using currency to purchase goods and services does not equal capitalism you fucking Neanderthal.
- he typed, sure of his worldview and naive to the hypocrisy of consuming electricity which powered the personal computer he bought and didn't forge himself from silicon and copper.
  
  Ah yes, I forget I cannot criticize a thing I partake into in hopes it improves.
  
  it’s an old meme sir, but it checks out.
  
  Do you think that I think that I don't consume? I just don't attach morality to it, e.g. "Don't buy Domino's because they're still in Russia over a year after the war" or insert any virtue signaling "protest" like Bud Light etc.
  
  While I agree ...I would also like to say "smoke it if you got it". That's how I justify my ipad anyway....

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