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M&A: Shokoladnitsa may acquire Coffee House

The Shokoladnitsa chain of coffee houses owned by Alexander Kolobov is not far from the acquisition of Timur Hairutdinov's Coffee House chain, the Kommersant informed referring to an information source.

The transaction is not finalized yet, but has reached an advanced stage. "Shokoladnitsa will succeed Coffee House as the owner of the latter's premises," - the paper's source commented.

Besides, Timur Hairutdinov is developing the Asia Cafe chain (seven outlets) and Vinegret (two outlets). Alexander Kolobov is developing the Vabi-Sabi sushi caf chain (numbering ca. 30 outlets in Moscow and other regions), the Max Brenner chocolate bar chain (originating from Israel) as well as the Burger King fast-food restaurants (more than 170 facilities in Russia) in partnership with VTB Capital.

Coffee House and Shokoladnitsa are the largest coffee house chains in Moscow launched one year apart in 1999 and 2000, respectively. Hairutdinov developed his project using an idea brought in from Italy, while A. Kolobov's chain was based on the Shokoladnitsa coffee house near the Oktyabrskaya metro station existing there since 1964. The Coffee House took a better start outstripping Shokoladnitsa in the number of outlets until 2011. Shokoladnitsa, however, has taken the lead now (420 outlets including 230 in Moscow, 100 in other regions and 90 franchising franchise outlets. Coffee House is operating 226 coffee houses all over Russia.

"AK&M", 28.07.2014


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