According to Kommersant, the new owner of Cibo CIS LLC is MVK LLC, the general director of Cibo CIS, Mikhail Kovalevsky.

According to a source familiar with the situation, Cibo CIS retained the rights to use the Tchibo and Davidoff coffee brands until the end of 2022, after which the company should continue to supply coffee under the new brand.

Earlier it was reported that fast food restaurants KFC and Pizza Hut will rebrand in Russia.