Page 37 - Pushkin Square News Today

BENGALURU: McDonald's Corp is selling its Russia business to its current licensee Alexander Govor and the restaurants would operate under a new brand, ending more than three decades of presence in the country following its invasion of Ukraine.

McDonald’s has begun the sale of its restaurants in Russia 30 years after the burger chain became a powerful symbol of easing of Cold War tensions between the United States and Soviet Union.

The Chicago burger giant said its existing 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. McDonald’s did not disclose the terms of the sale.

Fast food giant closes deal on 850 sites with Siberia franchise operator Alexander Govor who agrees to retain 62,000 employees for next 2 years; exit prompted by Ukraine invasion

McDonalds 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.

Existing McDonald’s licensee Alexander Govor has agreed to buy the US firm’s 850 Russian restaurants and operate them under a new name.

McDonald’s Corp is selling its restaurants in Russia to one of its current local licensees, who will rebrand them under a new name, ending more than three…

Alexander Govor pays undisclosed fee after US burger chain pulls out of Russia over invasion of Ukraine

Existing McDonald’s licensee Alexander Govor has agreed to buy the US firm’s 850 Russian restaurants and operate them under a new name.

Existing McDonald’s licensee Alexander Govor has agreed to buy the US firm’s 850 Russian restaurants and operate them under a new name.