News Formal

McDonald's to Sell Russian Business to Existing Siberian Licensee

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

McDonald’s said Thursday it has struck a deal to sell its Russian business to its current licensee in the market, Alexander Govor.

What to Watch Today: Dow Set to Open Lower After Its Worst Day Since 2020 on Inflation Worries

The company said in late April that the suspension of its operations in Ukraine and Russia due to the war cost it $127 million during the first quarter. And on Monday, it revealed it was planning to sell the business.

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:

 /  🏆 288. in ZA
 

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

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Google's Russian business plans to file for bankruptcyGoogle says its Russian subsidiary is planning to file for bankruptcy because it can’t pay staff and suppliers.
Source: ksatnews - 🏆 442. / 53 Read more »