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MCDONALD'S ERA IN RUSSIA COMING TO A CLOSE, RESTAURANTS SOLD
Techlife News
|May 21, 2022
McDonald’s is selling all of its restaurants in Russia 30 years after the burger chain became a powerful symbol of easing Cold War tensions between the United States and Soviet Union.
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An existing McDonald’s licensee, Alexander Govor, who operates 25 restaurants in Siberia, has agreed to buy McDonald’s 850 Russian restaurants and operate them under a new name, the Chicago burger giant said Thursday.
McDonald’s did not disclose the terms of the sale. Last year, McDonald’s Russian operations contributed 9% of the company’s total annual sales, or around $2 billion.
This story is from the May 21, 2022 edition of Techlife News.
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