McDonald's to sell Russian business

A U.S.-based McDonald's restaurant is shown closed due to the military invasion of Ukraine, April 14, 2022 in Belaya Dacha, outside of Moscow, Russia."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," McDonald's said in a statement.

The company said it is pursuing the sale of its entire portfolio of McDonald's restaurants in Russia to a "local buyer" and intends to initiate the process of "de-Arching" those restaurants, which entails no longer using the McDonald's name, logo, branding, and menu, though McDonald’s will continue to retain its trademarks in Russia.

McDonald's said its priorities include seeking "to ensure the employees of McDonald's Russia continue to be paid until the close of any transaction and that employees have future employment with any potential buyer." The logo of the closed McDonald's restaurant in the Aviapark shopping center in Moscow on March 18, 2022."We're exceptionally proud of the 62,000 employees who work in our restaurants, along with the hundreds of Russian suppliers who support our business, and our local franchisees," McDonald's President and CEO Chris Kempczinski said in a statement. "Their dedication and loyalty to McDonald's make today's announcement extremely difficult.

The logo of the closed McDonald's restaurant in the Aviapark shopping center in Moscow on March 18, 2022.Meanwhile, McDonald's restaurants in Ukraine remain closed while the company continues to pay full salaries for its employees in the country and "continues to support local relief efforts led by Ronald McDonald House Charities," a press release said.

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McDonald's to sell its Russian business amid Ukraine warMcDonald's pointed to the humanitarian crisis caused by the war in Ukraine, saying holding on to its business in Russia “is no longer tenable, nor is it consistent with McDonald’s values.”
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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. 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. ”
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McDonald's selling its Russian businessThe fast food giant says the humanitarian crisis caused by the war is forcing its hand. It says it's trying to have the buyer keep its 62,000 workers. Saudi Arabia about now… The Russian ministry of health will be happy.
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McDonald's plans to sell its Russian businessNEW: McDonald's said it plans to sell its business in Russia after more than 30 years of operating there, citing 'the humanitarian crisis caused by the war in Ukraine, and the precipitating unpredictable operating environment.' They selling the ones in Saudi Arabia? Or does McDonald’s not care about the Yemen humanitarian crisis? Fast burgers, slow social responsibility (It really is only the second reason.)
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