15 Oct '08
Nizhny Novgorod’s Oleg Kondrashov and Moscow’s Michail Tuzhilkin have come to an agreement to jointly open a $2.4m chain of coffee houses in Nizhny Novogorod, Kommersant reported today.
The two restaurant chain owners are expected to co-finance the project on a parity basis, the newspaper said, adding that the new coffee chain would be separate from Mr. Kondrashov’s Pir restaurant business.
Under plans, a total of seven 150-square-meter coffee houses, to be named Do-Re-Mi, are to open in the city by the end of 2009.
The first café is to open in late October this year, the newspaper said.