3/16/2011

Frozen-yogurt chain Pinkberry opened its first franchise in Moscow this week, saying the time is ripe for growth in Russia as more consumers focus on healthier dining options. Other U.S. chains Cinnabon and Papa John's also are in expansion mode in Russia, where consumers' demand for dining-out options is growing along with their household incomes. "The Russian consumer is ready to graduate to the higher level of consumption," said Deutsche Bank chief economist Yaroslav Lissovolik.

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Moscow Times, The

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