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  4. McDonald’s finds buyer in Russia, restaurants to reopen under a new name, say reports

McDonald’s finds buyer in Russia, restaurants to reopen under a new name, say reports

McDonald's pointed to the humanitarian crisis caused by the war, saying holding on to its business in Russia “is no longer tenable, nor is it consistent with McDonald’s values.”

Shashwat Bhandari Written by: Shashwat Bhandari @ShashBhandari New Delhi Updated on: May 19, 2022 19:52 IST
McDonald's restaurant is seen in the center of Dmitrov, a
Image Source : AP

McDonald's restaurant is seen in the center of Dmitrov, a Russian town. The company said it has started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people.

Highlights

  • McDonald's has found a new buyer in Russia for its restaurants, reports said
  • The global fast-food chain had suspended operations in Russia due to Ukraine war
  • Report said McDonald's existing restaurants will reopen under a new name in Russia

McDonald's, a global food chain that halted its Russia operations as a result of its invasion bid on Ukraine has said that it has found a buyer for its restaurants in Russia adding locations will reopen under a new name, AP reported on Thursday.

One of the most popular burger chain McDonald’s said it has started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people.

The fast-food giant pointed to the humanitarian crisis caused by the war, saying holding on to its business in Russia “is no longer tenable, nor is it consistent with McDonald’s values.”

The Chicago-based company had temporarily closed its stores in Russia but was still paying employees.

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