After more than 30 years in the country, McDonald’s wants to sell the branches to a Russian buyer, as the group announced on Monday in Chicago. The company had come to the conclusion that ownership of the Russian activities was no longer tenable and no longer in line with the company’s values.
More than a billion dollars cost
The company had already announced on March 8 that it would temporarily close the restaurants in the country. The new owner of the restaurants should no longer be able to use the brand symbols. According to its own statements, McDonald’s will book special costs of 1.2 to 1.4 billion US dollars (up to 1.35 billion euros) for the withdrawal from Russia, including for write-downs and foreign currency losses.
Source: Nachrichten
