McDonald's to sell its business in Russia
McDonald’s said Monday that it will sell its business in Russia after more than 30 years in the country. The company cited the war in Ukraine and the unpredictable operating environment in Russia as its reasons for leaving, saying in a news release that its “continued ownership of the business in Russia is no longer tenable, nor is it consistent with McDonald’s values.” “We’re exceptionally proud of the 62,000 employees who work in our restaurants, along with the hundreds of Russian suppliers who support our business, and our local franchisees. Their dedication and loyalty to McDonald’s make today’s announcement extremely difficult,” Chris Kempczinski, McDonald’s president and chief executive officer, said in the press release. “However, we have a commitment to our global community and must remain steadfast in our values. And our commitment to our values means that we can no longer keep the Arches shining there.” |
Baltimore bridge's $81 billion trade crisis (photo)
513Yesterday, 14:36EU approves 13th sanctions package against Russia
504421.02.2024, 14:54Bank of Georgia Group to buy Armenian bank Ameriabank for $303.6 million
110419.02.2024, 12:48Bank of Georgia Group PLC announcement regarding possible transaction with Ameriabank CJSC
159915.02.2024, 21:36EU takes step to confiscate Russian assets in Ukraine's favor
116712.02.2024, 22:18New EU sanctions package to include over 200 individuals, firms
164006.02.2024, 12:24