While the fast food chain has been actively working to enter the Russian market for some time, no agreements have been concluded, Brian Johnston, Burger Kingâ€™s senior director of development for Eastern Europe and emerging markets, told The St. Petersburg Times.
Kommersant had reported that Mikhail Bazhenov, a co-owner of St. Petersburg-based Adamant Holdings, was to open the countryâ€™s first Burger King outlet, citing an industry source.
Rumors of a deal with Bazhenov are â€œa complete fabrication,â€ Johnston said.
He said Burger Kingâ€™s entry into Russia would involve â€œmultiple partnersâ€ and likely follow the development model used in the Czech Republic, where the company began opening restaurants in November.
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