Mcdonald's To Exit Russia After 30 Years| MENAFN.COM

Monday, 04 July 2022 03:11 GMT

Mcdonald's To Exit Russia After 30 Years


(MENAFN- Trend News Agency)

McDonald's Corp said on Monday it had initiated a process to sell its business in Russia after 30 years of operating its restaurants in the country, Trend reports with reference to Reuters .

In March, McDonald's closed all its restaurants in Russia including its iconic Pushkin Square location.

As part of the exit, the company expects to record a non-cash charge of about $1.2 billion to $1.4 billion.

Tags:
  • Russia
  • United States
  • McDonald's

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