The share of foreign franchises in Russia reached a record low 09:00

The share of foreign franchises in Russia fell to 8% by the end of 2023, which is the minimum figure of the last 14 years (statistics have been kept since 2010). This was told to socialbites.ca at Tochka Bank.

Meanwhile, the share of Russian franchisors continues to increase. Analysts say that 92 percent of all franchises sold last year belonged to domestic companies, indicating that the position of domestic brands is strengthening with the departure of foreign players.

“The growth of the franchising market in the Russian Federation, despite the decrease in foreign participants, generally speaks of economic self-sufficiency: increased import substitution in various sectors creates favorable conditions for the development of local brands. This creates new opportunities for entrepreneurs and investors,” said Maxim Frolov, leader of Tochka franchising department.

A total of 637 new trademarks were registered in 2023, and 239 of them were able to sell at least one franchise that year.

Before recognizedWhy Russians began to open franchise businesses more often. It turns out that residents of the Russian Federation use them as an alternative to bank deposits.

Earlier economists refuted Myth about the importance of foreign investment for Russia.

What are you thinking?



Source: Gazeta

Popular

More from author

The rise of the far right triggered alarm in the European Cup

In Germany, there are already many recent examples of racist and homophobic anger from Eastern European hooligans. Just like the columns of Hungarian...

Canada imposed new sanctions on Russia 19:00

Canada imposed sanctions on Russian Industry and Trade Minister Anton Alikhanov and Safer Internet League president Ekaterina Mizulina. In this respect reports Ministry...

Canada adds an airline and several media outlets to its anti-Russian sanctions list 18:58

The Canadian government included the Pobeda airline, the Rossiyskaya Gazeta publication and St. Petersburg in the relevant list. Extended sanctions against Russia, including...

A man was jailed for removing a condom during sex 18:51

A man in England was sentenced to four years in prison for removing a condom during sex, it says LADBible. Her partner claims...