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McDonald's announces departure from Russia after 30 years of activity

Summary by Ground News

McDonald's announced it would temporarily close all of its restaurants in Russia in February. The move was said to be temporary, as extricating itself from 850 locations and 62,000 employees would be painful. But on Monday, the U.S. fast-food chain said it is pulling out of the country for good.

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読売新聞オンライン

Golden arches to go dark in Russia as McDonald's exits after 30 years

McDonald's Corp on Monday became one of the biggest global brands to exit Russia, laying out plans to sell all its restaurants after operating in the country for more than 30 following years the invasion of Ukraine. The World's largest burger chain, which owns about 84% of its nearly 850 restaurants in Russia, will take a related non-cash charge of up to $1.4 billion following its sale. McDonald's had in March decided to close its restaurants in…

3 years ago·Japan

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Today

McDonald's to leave Russia after 30 years, selling all 850 locations

The fast-food giant said it's the first time the company has ever “de-arched,” or exited a major market.

3 years ago·United States

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People

McDonald's to Leave Russia for Good After 30 Years

McDonald’s said the “dedication and loyalty” of the company’s employees in Russia made the announcement “extremely difficult”

3 years ago·United States

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RNZ

Ukraine war impact: McDonald's to leave Russia for good after 30 years

McDonald's has said it will permanently leave Russia after more than 30 years and has started to sell its restaurants.

3 years ago·New Zealand

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Deseret News

McDonald’s is leaving Russia for good

French friesIllustration by Alex Cochran, Deseret NewsMcDonald’s announced it will leave Russia permanently after more than 30 years of being a part of the country’s market. Driving the news: The fast-food chain had paused its operations in Russia when the invasion of Ukraine first began, but now it’s taking a hard stance against the war by selling its entire portfolio of more than 800 restaurants. Related McDonald’s to temporarily close 850 st…

3 years ago·Salt Lake City, United States

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