McDonald’s said Thursday it has begun the process of selling its Russian business to one of its licensees in the country. The Chicago burger giant said Alexander Govor, who operates
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McDonald's era in Russia coming to a close, restaurants sold
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McDonald's requiring Russian buyer to employ current workers for 2 years
McDonald's said Monday that it has started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people, making it the latest major Western corporation to exit Russia since it invaded Ukraine in February.
McDonald’s says it's started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people. The fast food giant pointed to the humanitarian crisis caused by
McDonald's was the first American fast food restaurant to open in the Soviet Union. It's the largest Western corporation to leave Russia over the Ukraine invasion.
McDonald’s said it would sell its business in Russia, a little more than two months after it paused operations in the country due to its invasion of Ukraine.
McDonald’s says it's started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people. The fast food giant pointed to the humanitarian crisis caused by
The fast food giant pointed to the humanitarian crisis caused by the war, saying holding on to its business in Russia "is no longer tenable, nor is it consistent with McDonald's values."
McDonald's pointed to the humanitarian crisis caused by the war in Ukraine, saying holding on to its business in Russia “is no longer tenable, nor is it consistent with McDonald’s values.”
McDonald’s said Monday it will sell off its restaurants in Russia because of the nation’s invasion of Ukraine and resulting turmoil, a major exit for a company that became a symbol of western capitalism after the fall of communism in Moscow.
The situation following Moscow’s invasion of Ukraine means “continued ownership of the business in Russia is no longer tenable, nor is it consistent with McDonald's value,” the company said in a statement.
McDonald’s has begun the process of selling its Russian business and removing its company from the country, marking the latest major corporation to make a clean break from the country following its invasion of Ukraine.
The fast food giant said it was leaving because of the "unpredictable operating environment" and "humanitarian" reasons. McDonald's was quick to set up shop in the Soviet Union in the waning embers of the Cold War.
American fast-food giant McDonald's will exit the Russian market and sell its business in the increasingly isolated country, the company said Monday.Many
McDonald’s said Thursday it has begun the process of selling its Russian business to one of its licensees in the country. The Chicago burger giant said Alexander Govor, who operates
