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

Wednesday, 29 June 2022 06:37 GMT

Mcdonald's To Exit Russia After 30 Years


(MENAFN- AzerNews)

By Trend

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.

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