Tycoon Yury Chyzh reorganizes his business
Triple Group's key owner Yury Chyzh reportedly hands over several assets in the restaurant business to recognized restaurateur Pavel Palonski.
Ejednevnik notes that it was one of the first steps in the reorganization of the multi-profile business, started by Yury Chyzh. The restaurant "U Francyska" was also handed over to Palonski's management.
Pavel Palonski is considered one of the most successful Belarusian restaurant-keepers. He has been in the business since early 90s. He is a co-owner of a group of restaurants and cafes in Belarus. Unofficial reports also suggest that three sweet-shops of the Salodki Falvarak network owned by Yury Chyzh's Triple Group may be passed under Palonski's administration as well soon.
About a month ago there was information that one of the said sweet-shops was tendered together with the restaurant "Buhara" which also belonged to Yury Chyzh, for more than $ 2 billion. Ealier this year the businessman also passed one restaurant and a hotel in Mir Castle to the state.
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