Delano, Can Can Pizza Taken Over by Estonians
- VILNIUS, Lithuania – Vilniaus Prekyba, one of Lithuania's largest business groups, has finalized teh sale of its restaurant chain Delano, including Can Can Pizza, to an Estonian entity.
- The transaction involves the sale of Delano to Defood, an Estonian group controlled by Mirrow Institute, according to an proclamation by the Vilniaus Prekyba group, which is controlled...
- pauls Mod, CEO of Vilniaus Prekyba, stated that the decision to sell the restaurant chains came as the group is focusing its resources on its core sectors: retail,...
Vilniaus Prekyba Sells Delano Restaurant Chain to Estonian Group
VILNIUS, Lithuania – Vilniaus Prekyba, one of Lithuania’s largest business groups, has finalized teh sale of its restaurant chain Delano, including Can Can Pizza, to an Estonian entity.
The transaction involves the sale of Delano to Defood, an Estonian group controlled by Mirrow Institute, according to an proclamation by the Vilniaus Prekyba group, which is controlled by Lithuanian businessman Nerijus Numas.
pauls Mod, CEO of Vilniaus Prekyba, stated that the decision to sell the restaurant chains came as the group is focusing its resources on its core sectors: retail, pharmacies, real estate progress, and management.
Vilniaus Prekyba will retain ownership of “The Caif Cafe” network and a separate chain of 12 self-service restaurants. These were previously separated from Delano into two distinct companies, “CCF Kavines” and “Restaurant Dvylika.”
Ivars Vendelin, co-owner of the Estonian entertainment services and catering group Apollo Group, currently owns 45 restaurants across Estonia and Latvia.
Vilniaus Prekyba Sells Delano Resturant Chain to Estonian Group: Your Questions Answered
This article provides a comprehensive overview of Vilniaus Prekyba’s sale of the Delano restaurant chain, answering key questions about the transaction and its implications.
What happened with Vilniaus Prekyba and the Delano restaurant chain?
Vilniaus Prekyba, a major Lithuanian business group, sold its Delano restaurant chain, including Can Can Pizza, to an Estonian entity.
Who bought the Delano restaurant chain?
Defood, an Estonian group controlled by the Mirrow Institute, acquired the Delano chain.
Who is Vilniaus Prekyba?
Vilniaus Prekyba is one of the largest business groups in Lithuania, known to be controlled by the Lithuanian businessman Nerijus Numas.
Why did Vilniaus Prekyba sell the delano restaurant chain?
According to Pauls Mod, CEO of Vilniaus Prekyba, the decision aligns with the group’s strategy to focus on its core sectors:
- Retail
- Pharmacies
- Real estate advancement
- Management
What happened to the other Vilniaus prekyba restaurant brands?
vilniaus Prekyba will retain ownership of two other restaurant networks:
- “The Caif Cafe” network
- A chain of 12 self-service restaurants (“CCF Kavines” and “Restaurant Dvylika”)
Who is involved in DeFood (the Buyer)?
DeFood is a Estonian group controlled by Mirrow Institute.However, further details about Mirrow Institute are not found in the source.
who is Ivars Vendelin?
ivars Vendelin is the co-owner of the Estonian entertainment services and catering group, Apollo Group. He currently owns 45 restaurants across Estonia and Latvia.
Can you summarize the key players involved in this transaction?
Here is a concise summary:
| Player | Role | Country |
|---|---|---|
| Vilniaus Prekyba | Seller | Lithuania |
| Nerijus Numas | Controls Vilniaus Prekyba | Lithuania |
| Pauls Mod | Vilniaus Prekyba CEO | Lithuania |
| Defood | Buyer | Estonia |
| Mirrow Institute | Controls Defood | Estonia |
| Ivars Vendelin | Co-owner, Apollo Group | Estonia |