McDonald's will sell Russian business, seek to have buyer keep 62,000 workers

  • 📰 9NewsSyd
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Nigeria News News

'Our commitment to our values means that we can no longer keep the arches shining there,' the McDonald's CEO said. 9News

The fast food giant pointed to the humanitarian crisis caused by the war, saying holding on to its business in Russia "is no longer tenable, nor is it consistent with McDonald's values."

As it tries to sell its restaurants, McDonald's said it plans to start removing golden arches and other symbols and signs with the company's name. It said it will keep its trademarks in Russia. Corporations from British energy giants Shell and BP to French carmaker Renault have pulled out of Russia, taking a hit to their bottom lines as they seek to sell their holdings there. Other companies have stayed at least partially, with some facing blowback.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I thought we were meant to be punishing them.

Wow and Russia should be the only country. Maybe America too. Oh no way that wouldnt happen.

How to work in Nazis RuSSia

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 23. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines