Ukrainian restaurant chain Lviv Croissants has opened its first establishment in France in the city of Cannes, the franchise was acquired by local entrepreneurs who own a Michelin-starred French cuisine restaurant, according to its press release.
“For six months, our team did not just work on creating a good establishment, but thoroughly researched the French market and the food culture of the region to win the hearts of French foodies. We believe that our croissants will be a new gastronomic discovery for them. Everything else remains unchanged: traditional Lviv atmosphere, delicious quality coffee and high standards of service”, – noted Lviv Croissants franchising managers.
The first Lviv Croissants in France is located in the center of Cannes, on Rue d’Antibes. The establishment has 13 seats inside and another 24 on the summer terrace. The area of the venue is 70 m². The interior combines natural wooden elements, vegetal decoration and comfortable places for rest. The kitchen was made open so that visitors could see the process of croissants preparation.
The basis of Lviv Croissants menu in Cannes, as well as in the whole chain, is freshly baked croissants. Some fillings are developed taking into account preferences of French guests – local chefs were specially invited for this purpose. In total, there are more than 35 different fillings in the menu.
Lviv Croissants added that in time they plan to introduce croissant delivery from the new establishment in Cannes.
France has become the fifth country outside Ukraine, where Lviv Croissants operates. The chain also has facilities in Poland, Slovakia, Czech Republic and the USA. Lviv Croissants is planning to open new establishments of the chain.
Lviv Croissants is a Ukrainian international franchise restaurant chain founded in 2015. It specializes in making croissants. The brand entered the European market in September 2022. The first establishment opened in the Polish city of Zgorzelec. Now the chain has 180 establishments throughout Ukraine, 11 in Poland and 1 each in Slovakia, Czech Republic, France and USA.
It is a part of Fast Food Franchising Group. Fast Food Franchising Group LLC was founded in 2015 in Lviv.
The company’s net loss in 2023 amounted to UAH 598.3 thousand, compared to UAH 483 thousand net profit a year earlier. Last year’s income increased by 55.1%, to UAH 6.939 mln, debt obligations – by 9.7 times, to UAH 188.9 th, while assets decreased by 19%, to UAH 1.89 mln.
Beneficiaries of the company are PE Firma Infobud, which owns 50% of shares, Eugene and Andrei Galitsky (20% each), as well as Yuriy Zagrodsky (10%).
