Russian McDonald's
The Chicago-based burger giant NYSE. The Chicago burger giant confirmed Monday that it is selling.
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McDonalds said Monday that it has started the process of selling its Russian business which includes 850 restaurants that employ 62000 people making it the latest major Western corporation.
. Existing licensee Alexander Govor. MCD said Monday that after operating in the. Said its found a buyer for all of its Russian restaurants.
Tens of thousands of people lined up for hours to get their first taste of the West. McDonalds said it was temporarily closing its roughly 850 restaurants in Russia while Starbucks also said its 100 coffee shops would shut. McDonalds opened its first location in the then-Soviet Union in Moscows Pushkin Square in January 1990.
On Wednesday Heineken stopped beer production and. Starbucks joins McDonalds and others in Russian exodus May 23 2022 May 23 2022 Updated May 23 2022. 0 Western companies are abandoning Russia in spades.
McDonalds is closing its doors in Russia ending an era of optimism and increasing the countrys isolation over its war in Ukraine. Veuers Tony Spitz has the details.
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