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On 18 March, it was reported that McDonald's remained unable to close some locations in airports or transit stations. [15] On 16 May 2022, after temporarily closing its restaurants, the company decided to exit Russia altogether. [16] On 27 May 2022, it was reported that McDonald's was selling its stores in Russia to a local licensee, Alexander ...
The world's largest burger chain, which owns about 84% of its nearly 850 restaurants in Russia, will take a related non-cash charge of up to $1.4 billion following its sale. ... -McDonald's Corp ...
Western companies with iconic brands like Coca-Cola that exit Russia face years of battling knockoffs and unauthorized imports clamoring to fill the void they leave behind, a risky bid as courts ...
McDonald's Corp said on Monday it had initiated a process to sell its business in Russia after 30 years of operating its restaurants in the country, following Moscow's invasion of Ukraine.
Opening of the first Vkusno i tochka restaurant in Pushkin Square, Moscow, 12 June 2022.Formerly the first Russian McDonald's in the country. On 8 March 2022, facing continued pressure due to the Russian invasion of Ukraine, McDonald's announced the temporary suspension of operation of its restaurants in Russia, while also announcing at the same time that it would continue to pay its employees ...
[222] [223] Halted all deliveries to Russia. [224] McDonald's: Fast food United States: Owns the vast majority of the 847 McDonald's stores in Russia, [225] but the company did not offer an official position on operations in the Russian Federation. [226] McDonald's offered food assistance to Ukrainians. [227] McDonald's to close 850 restaurants ...
A woman walks past a McDonald's restaurant in Moscow, Russia on March 09, 2022. ... profits given that the company has 1,136 Russia stores, largely contained within its KFC nameplate, of which 50 ...
McDonald's later chose to permanently shut down all McDonald's operations in Russia, citing geopolitical concern. Before its closure, McDonald's had opened 850 restaurants in Russia. [ 59 ] The brand was relaunched on June 12, 2022, as Vkusno i tochka (Вкусно и точка, "Tasty and that's it") by local franchisee Alexander Govor, who ...