Mash: Buzova closed the company BUZfood due to losses of 100 million rubles
Singer Olga Buzova closed her company BUZfood due to multimillion-dollar losses. This is reported by the Telegram channel Mash.
09.03.2025
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📝 Summary
Singer Olga Buzova closed her company BUZfood due to multimillion-dollar losses. This is reported by the Telegram channel Mash.
In 2019, Buzova opened its own legal entity, Buzova Rest Company, and a year later three restaurants of the same name appeared in Russia. It is specified that two points opened in Moscow, another in St. Petersburg. In addition, the actress launched her own brands of wine, beer and vodka: Buzwine, Buzbeer and Buzvodka. However, these brands and restaurants did not bring the singer a tangible income. On the contrary, BUZfood regularly suffered losses: only from 2021 to 2024 total annual losses amounted to 19 million rubles. At the moment, the total losses of Buzov Rest Company can be within 100 million rubles. In April 2023, the wine company Global Wine Distribution (GWD) filed a lawsuit with the intention to recover more than 90 million rubles from Olga Buzova and Archer Music Productions for the revocation of the Buzwine trademark. Archer Music Productions has entered into an agreement with the star to promote the products, using her name and image in the media. However, in April 2020, GWD received a refusal from Buzova, who had previously withdrawn this consent. By law, she had the right to do so - just as the plaintiff had the right to compensation for the damage suffered.
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