Support The Moscow Times!

Rosinter's Customers Slump

Rosinter, which operates the TGI Friday's restaurant franchise in Russia, reported a 4.4 percent fall in like-for-like sales last month due to a lower number of patrons, it said Thursday in a statement.

The company saw a 9.5 percent decline in the number of transactions in October, which was partly offset by a 5.7 percent rise in the average bill.

Overall sales, including newer restaurants, rose 3.6 percent to stand at 870 million rubles ($29 million) last month, up from 840 million rubles in October 2010. Rosinter had 373 outlets at the end of October, up from 371 a month ago and 359 a year earlier.

(Reuters)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.