Page 38 - Pushkin Square News Today

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 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.

McDonalds became the symbol of glasnost in action 30 years ago when it opened its first restaurant in Moscow. But after temporarily shutting down more than 800 restaurants following the

FAST-food chain McDonald’s has announced that it is to leave Russia for good. After temporarily closing its 847 outlets in the country in March…

McDonald's will sell 84% of its restaurants to a local buyer

Two months after the Berlin Wall fell, another powerful symbol opened its doors in the middle of Moscow: a gleaming new McDonald’s

McDonalds 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, , mcdonalds corp, russia

McDonald's Corp on Monday (May 16) 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 per cent of its nearly 850 restaurants in Russia, will take a...

New super policy has marginal effect on property market, according to Frydenberg, McDonald's exits Russia, France appoints first female prime minister in 30 years, + MORE.

If the 1990 opening in Pushkin Square was a symbol of hope, Monday’s exit announcement is confirmation that Russia is now not just uninvestible, but intolerable.