McDonald’s "de-Arching" from Russia, Plans to Sell Entire Portfolio
McDonald’s announced it will officially exit the Russian market and has begun a process to sell its entire portfolio in the country.
Back in March, McDonald’s shuttered all of its Russian locations following Russia’s invasion of Ukraine with over 800 locations closed, and all operations were paused.
“The humanitarian crisis caused by the war in Ukraine, and the precipitating unpredictable operating environment, have led McDonald’s to conclude that continued ownership of the business in Russia is no longer tenable, nor is it consistent with McDonald’s values,” the company...
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