McDonald's Kazakh licensee gives up franchise - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

The Kazakh licensee of McDonald’s Corp will no longer operate under the U.S. corporation’s brand “due to supply issues”, the company, Food Solutions KZ, said on Thursday.

The McDonald's company logo is seen on the front of a restaurant in London, Britain, December 10, 2021.The McDonald's company logo is seen on the front of a restaurant in London, Britain, December 10, 2021.will no longer operate under the U.S. corporation’s brand “due to supply issues”, the company, Food Solutions KZ, said on Thursday.

Food Solutions KZ was forced to temporarily close its restaurants in November after cutting ties with Russian companies and running out of supplies, three sources with knowledge of the situation had told Reuters. The Kazakh company said in a statement on Thursday it would soon reopen its restaurants to serve the public in the Central Asian nation of 20 million under a new brand.

The exit highlights the supply issues faced by many Kazakh businesses in the wake of Russia’s invasion of Ukraine and the Western sanctions against Moscow that followed. Neighboring Russia is Kazakhstan’s main trading partner. Asked earlier this week to comment on a media report saying it would exit the Kazakh market, McDonald’s declined to comment

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 37. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين