McDonald's to exit Russia, sell business in country

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

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

[CYMI] McDonald's to exit Russia, sell business in country

And earlier on Monday, French automaker Renault announced it had handed over its Russian assets to the government in Moscow, marking the first major nationalisation of the economic disentanglement.

"The humanitarian crisis caused by the war in Ukraine, and the precipitating unpredictable operating environment, have led McDonald's to conclude that continued ownership of the business in Russia is no longer tenable, nor is it consistent with McDonald's values." Russia, where McDonald's directly manages more than 80 percent of the restaurants bearing its name, accounts for 9 percent of the company's revenue and 3 percent of its operating profit.

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:

 /  🏆 49. in NG
 

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

Sell to who?

They're going to change it to RuPutin do they care 😂

Super size it.....

😂it's not like it had a choice.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines