After more than thirty (30) years of catering service in Russia, the American company McDonald's announced this Monday, May 16, 2022, through a press release, its final withdrawal from the country.
The American restaurant chain McDonald's adds to the long list of foreign companies that have left Russia since the period of the Russian invasion. Through this press release, the group announced that it was selling all of its assets in the country.
"The humanitarian crisis caused by the war in Ukraine and the resulting unpredictable economic environment led McDonald's to conclude that the continuation of our operations in Russia was no longer tenable or consistent with our values", indicated American giant of the restoration.
The American restaurant chain now has around 850 establishments and 62,000 employees in Russia. More than 80% of McDonald's restaurants in Russia are directly managed by the American company, which in 2021 accounted for 9% of its total turnover and 3% of its operating profit.
Until the transaction is finalized, the American company says that "McDonald's is committed to continuing to pay its employees and wants to ensure that they continue to be hired by the future buyer".
Consequently, the American restaurateur has made it known that the McDonald's name, logo or menus will not be granted for direct use to anyone who acquires this activity.