McDonald’s Exits Russia, Plans to Sell All its Restaurants in the Country

In March, many global brands announced halting operations in Russia, with fast food giant McDonald’s opting to temporarily close the nearly 850 locations in the country. Today, McDonald’s Corp. announced that it will be leaving Russia altogether, sharing plans to sell all its restaurants there.

The American fast food icon owns approximately 84% of its nearly 850 restaurants in Russia, and will take a related non-cash charge of up to $1.4 billion following its sale. McDonald’s is anticipating the sale to a local buyer and plans to retain its trademark, barring the stores to use the brand’s name, logo, imagery and menu.

A source close to McDonald’s relayed that restaurants are expected to start reopening with new ownership come June 2022.

More content

Eating Out
Chick-fil-A To Open First-Ever U.K. & Singapore Locations
Chick-fil-A doesn’t have the international presence that many of its fast food counterparts do. Most of its locations are in the U.S., with just five…
,
CultureEating Out
Pizza Hut Japan Debuts A New Matcha Pizza
Japan’s love for matcha just took a wild turn—now it comes in pizza form. According to SoraNews24, Pizza Hut Japan has teamed up with Kyoto’s…
,
Eating Out
Taco Bell Just Resurrected Five Classics From The 2000s, And They’re All Under $3
Y2K wasn’t just a moment—it was a whole vibe. Frosted tips, flip phones, rhinestone belts, and Taco Bell runs after school with the squad. Now…
,
Burger
We Deliver!

Enter your email address below and we'll deliver our top stories straight to your inbox