McDonald's to Sell Russian Business to Existing Siberian Licensee

📆 2022/05/20 0:54:00
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McDonald’s said Thursday it has struck a deal to sell its Russian business to its current licensee in the market, Alexander Govor.

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The company said in late April that the suspension of its operations in Ukraine and Russia due to the war cost it $127 million during the first quarter. And on Monday, it revealed it was planning to sell the business.

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