Eastern European Markets

March, the 23rd 2010

Fazer and Stockmann signed letter of intent about cafe and restaurant operations in St. Petersbug

Negotiations between Fazer Amica and Stockmann have lead to a letter of intent, aiming at opening cafe and restaurant operations (café-restaurant and personnel restaurant) in Stockmann’s new Nevsky Center department store by the end of 2010.

Fazer Amica’s target is to enter Russia’s café and restaurant market in co-operation with an experienced and long-term partner. The planned café would be the first one operating under the Fazer brand in Russia. Today, Fazer Amica has nine Fazer cafés and restaurants in Finland, Sweden and Latvia. The company operates 15 corporate restaurants under the Amica brand in Russia.

The agreement between the parties is expected to be ready for signing within a few weeks and Fazer Amica will publish additional information about the project then.

About Fazer Group

The origins of Fazer Group lie in a family company founded in 1891 when Karl Fazer opened his first café in Helsinki. Today the Group offers meals, bakery and confectionery products and operates in a total of eight countries. Its operations are based on passion for customer, quality excellence and team spirit. The Group operates in two business areas which are committed to creating taste sensations: Fazer Amica and Fazer Bakeries & Confectionery.

Fazer Group‘s turnover for 2008 (proforma) was over 1.5 billion euros. The Group employed ca 17,000 people in 2008.

Fazer Amica is a leading contract catering company in the Nordic and the Baltic countries, offering customers delicious food and tailor-made service solutions. Fazer Amica has almost 1,400 restaurants in the Finland, Sweden, Norway, Denmark, Estonia, Latvia and Russia.

Fazer Bakeries & Confectionery
Fazer is Finland's leading bakery company and one of the leading companies in the Baltic Sea region and Russia. Bakery products are manufactured in Finland, Sweden, Estonia, Latvia, Lithuania and Russia, where Fazer operates under the name Hlebny Dom. In confectionery business Fazer is Finland’s leading company and a strong player in the Baltic Sea region. The confectionery factories are located in Finland: in Vantaa (chocolate products), Lappeenranta (sugar confectionery) and Karkkila (chewing gum).

For further information, please contact:
Managing Director Iris Karjula, Fazer Amica, +358 40 520 75 20
Contact in communications: Communications director Anita Laxén, Fazer Amica
+358 40 77 00 873

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