McDonald's plans to sell its Russian business

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NEW: McDonald's said it plans to sell its business in Russia after more than 30 years of operating there, citing 'the humanitarian crisis caused by the war in Ukraine, and the precipitating unpredictable operating environment.'

McDonald's closed on April 14 in Belaya Dacha, outside of Moscow, Russia. Photo: Getty ImagesDriving the news: "

The chain will begin the process of "de-Arching" its Russian restaurants, which means removing the McDonald’s name, logo, branding and menu. McDonald's will keep its trademarks in Russia, the company said.McDonald's in March announced that it was closing all of its stores in Russia over president Vladimir Putin's invasion of Ukraine.and businesses that suspended their operations in Russia in condemnation of the invasion.

 

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The 'Golden Arches' become the 'Golden Oligarchs'.

A growing list of corporations that recently found their conscience with regards to Russia. Many continue to do business with the likes of China and Saudi Arabia.

Tom Friedman's revenge

In this situation who are they selling the business too? Would it still be McDs franchises?

(It really is only the second reason.)

Fast burgers, slow social responsibility

They selling the ones in Saudi Arabia? Or does McDonald’s not care about the Yemen humanitarian crisis?

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