Wednesday, Jul 06th

Last update04:38:38 AM GMT

You are here News International Golden arches to go dark in Russia as McDonald's exits after 30 years

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

E-mail Print PDF
McDonald to leave Russia after thirty yearsMcDonald's Corp (MCD.N) 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 years following 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 the country, including the iconic Pushkin Square location in central Moscow - a symbol of flourishing American capitalism in the dying embers of the Soviet Union.

The burger chain represented the thawing of Cold War tensions and became a way to sample Western food and spirit for millions of people, even though the cost of a burger was several times bigger than the daily budgets of many city dwellers.







    Most Recent Related Stories...

    Ben & Jerry’s sues parent company over Israeli deal ‘to protect social integrity’

    Ben & Jerry sues parent company Ben & Jerry’s has sued its parent Unilever plc to block the sale of its Israeli...

    Shot that killed journalist Shireen Abu Akleh was likely fired by Israelis, U.S. says

    Israel probably shot Arab jornalistU.S. officials have concluded that gunfire from Israeli positions likely killed Al-Jazeera journalist Shireen Abu Akleh...

    Russia Advances Behind Brutal Barrage, but Will Its Strategy Keep Working?

    Ukraine 7/4/22 Russia’s capture of the cities of Sievierodonetsk and Lysychansk, a significant victory for Moscow’s campaign to...

    Several killed in shooting at Copenhagen shopping centre

    Copenhagen shooting Danish police say several people were shot dead and one suspect has been arrested after gunfire...
    America's # 1 Enemy
    Tee Shirt
    & Help Support!
    TVNL Tee Shirt
    Conserve our Planet
    & Help Support!
    Get your 9/11 & Media
    Deception Dollars
    & Help Support!
    The Loaded Deck
    The First & the Best!
    The Media & Bush Admin Exposed!