Russian McDonald's logo

A Russian businessman has agreed to hire and pay all 62000 of McDonalds employees in the country following the fast-food chains exit Matthew Loh 2022-05-20T092625Z. Together with another 108 in Ukraine they accounted for 9 of the companys revenue in 2021.

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McDonalds said Monday that it has started the process of selling its Russian business which includes 850 restaurants that employ 62000 people making it the latest major Western corporation to.

. McDonalds had 847 restaurants in Russia at the close of last year according to an investor document. The first McDonalds in Russia opened in Moscow in 1990 a massive 23000 square foot store in Pushkin Square and Russians lined up for hours to get a Big Mac and fries all of which were. A Russian company called Uncle Vanya is already eyeing a takeover over McDonalds business in the country revealing a logo that appears to be nearly identical to the Chicago-based fast.

The exodus of Western businesses from Russia deepened on Monday May 16 as French automaker Renaults local assets were effectively nationalised and fast food giant McDonalds said it. This follows McDonalds announcement on March 8 2022 that it had temporarily closed restaurants in Russia and paused operations in the market. CHICAGO May 16 2022 After more than 30 years of operations in the country McDonalds Corporation announced it will exit the Russian market and has initiated a process to sell its Russian business.

McDonalds expects to record a charge or 12 billion to 14 billion to. McDonalds owns the majority of the 850 restaurants in the region. In a March 12 trademark filing Uncle Vanyas yellow and red logo looks almost identical to the iconic Golden Arches of McDonalds but.

McDonalds says it will sell Russian business McDonalds President and CEO Chris Kempczinski called the decision extremely difficult NCD By.

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