McDonald’s to sell its Russian business over Moscow’s invasion of Ukraine

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.

CEO Chris Kempczinski said the “dedication and loyalty to McDonald’s” of employees and hundreds of Russian suppliers made it a difficult decision to leave. The first McDonald’s in Russia opened in the middle of Moscow more than three decades ago, shortly after the fall of the Berlin Wall. It was a powerful symbol of the easing of Cold War tensions between the United States and Soviet Union.

McDonald’s said it expects to record a charge against earnings of between $1.2-billion and $1.4-billion over leaving Russia.

McRuskies?

💡Quelle excellente idée, même si cela favorisera la santé cardiovasculaire des russes! 💡Maintenant je souhaite que cette chaîne américaine de malbouffe se retire du Québec ce qui favorisera également la santé des Québécois , les voisins des Canadiens et des Américains. Santé

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

McDonald's to sell its Russian business, try to keep workersMcDonald'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. Karmatic supply of restaurant basics will come from ? can we ship goods to Russia safely yet ? Sell them. Russia should make them state assets. You take our yachts and money , we take your assets. Apparently it’s legal.
Source: CP24 - 🏆 30. / 67 Read more »