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Sunday 17.12.2017 | Name days: Teiksma, Hilda
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Lido owner plans to open new catering and food store chain

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU,  Gunars Kirsons

Lido owner Gunars Kirsons

Gunārs Ķirsons (Kirsons), owner of the catering business Lido, is planning to launch a new catering and food store chain this year.

The first new Lido catering establishment is to be opened in August this year. Within two years, the chain will be expanded to 20-30 catering companies, reveals Kirsons, noting there are still ongoing discussions about the name, but the new concept will be focus on the people.

We have not been at standstill; we see McDonald’s, Hesburger and others arrive in Latvia and we say to ourselves: we have fed the nation and we will have to feed it even better, Kirsons admits.

Basically, these catering companies will go together with a food store. It will be possible either to dine there or take-away, Kirsons says. He also points out the company intends to discontinue distribution of its production at supermarkets. However, specific dates are not yet known.

According to the businessman, Latvia is in threat of food crisis in near future. Currently, Latvia does not have its own sugar anymore, the production is ruined, agriculture is devastated and people no longer want to plant potatoes. This is why they are so expensive – 40 santims per kilogram, tomorrow the price will be already 50 santims and the day after tomorrow German potatoes will be here, costing 60 santims per kilogram, Kirsons warns.

The new store chain is to sell Lido production, as well as other Latvian meat and dairy processors’ products. Kirsons indicates only those will survive who set up small shops and boost production.

In terms of investments, he says there are many investors across the world, only now they want to see how the idea will be implemented. One needs to assure them the idea will sell, Kirsons points out.

Similarly, Lido owner admits the company’s turnover has risen 10% in early 2011, compared to last year. Kirsons explains this with not raising the prices. He also says people come about 20% more and spend an average of 1.20–1.50 lats on a meal.

SIA Lido was founded in 1987. In 2009, the company turned 18.24 million lats. Lido employs about 1 200 workers and its key product sales market is Riga.

In Riga, the company owns eight restaurants, one restaurant is located in Riga district – airport Riga. Lido also owns two production bases and three culinary stores.

 


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