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After 14 years of planning and negotiations, McDonald's Canada president George Cohon was permitted to open the first McDonald's in Russia by the Soviet government in 1990. The entry of the iconic American brand into the country was seen as a symbol of ongoing economic and political reforms in the Soviet Union .
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 had in ...
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.
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 ...
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 ...
McDonald's said Monday it plans to "de-arch" all restaurants in Russia, meaning its name, branding, menu, and logo can't be used.
[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 ...
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