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McDonald's pulls out of Russia after 30 years because of the war in Ukraine saying business there 'is no longer tenable'
MAILONLINE ^ | 16 May 2022 | CHRIS JEWERS

Posted on 05/16/2022 4:04:44 AM PDT by dennisw

In March, the fast-food company temporarily closed all its restaurants in Russia This included its iconic Pushkin Square location. It continued to pay its staff

Now, it has said that it will seek to have a Russian buyer take over the business It did not identify a buyer, but said it would start removing its golden arches McDonald's expects to record a non-cash charge of about $1.2bn to 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, following Moscow's invasion of Ukraine.

In March, the Chicago-based company temporarily closed all its restaurants in Russia including its iconic Pushkin Square location, but was continuing to pay its staff.

On Monday, it said it would seek to have a Russian buyer hire its employees and pay them until the sale closes. It didn't identify a prospective buyer. McDonald's said it plans to start removing golden arches and other symbols and signs with its name.

As part of the exit, McDonald's expects to record a non-cash charge of about $1.2 billion to $1.4 billion.

'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,' it said.

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, following Moscow's invasion of Ukraine. Pictured: The oldest of Moscow's McDonald's outlets, which was opened on Jan. 31, 1990

Chief executive Chris Kempczinski said the 'dedication and loyalty to McDonald's' of employees and hundreds of Russian suppliers made it a difficult decision to leave.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Food; Health/Medicine
KEYWORDS: globalistpropaganda
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1 posted on 05/16/2022 4:04:44 AM PDT by dennisw
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To: dennisw

‘However, we have a commitment to our global community and must remain steadfast in our values,’ Mr Kempczinski said in a statement, ‘and our commitment to our values means that we can no longer keep the arches shining there.’

As it tries to sell its restaurants, McDonald’s said it plans to start removing golden arches and other symbols and signs with the company’s name.

It said it will keep its trademarks in Russia.


2 posted on 05/16/2022 4:05:03 AM PDT by dennisw
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To: dennisw

Just keep on isolating Russia.

And you’re going to find you’ve replaced The Kaiser with Hitler.


3 posted on 05/16/2022 4:05:30 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: dennisw
Dangerous Side Effects of Eating McDonald's
4 posted on 05/16/2022 4:08:20 AM PDT by JonPreston (Q: Never have so many, been so wrong, so often)
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To: dennisw

Now the lifespan of the average Russian might go up.


5 posted on 05/16/2022 4:09:07 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: dennisw

For what this is really about...

https://www.nbcnews.com/news/world/mcdonalds-sell-business-russia-rcna28961

Read the last paragraph.


6 posted on 05/16/2022 4:10:00 AM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: dennisw
The Russians should simply take over MacDonald's in Russia and pay nothing for it, same way Dementia Joe has taken over Russian assets/money in the west without paying anything for them.
Give the DC crazies a taste of their own medicine.
7 posted on 05/16/2022 4:10:29 AM PDT by SmokingJoe
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To: JonPreston

Dangerous Side Effects of Eating McDonald's

Is one of the effects the desire to blow up the world with atomic bombs? :0)


8 posted on 05/16/2022 4:11:17 AM PDT by COBOL2Java (Fauci is a despicable little turd)
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To: dennisw

Russia will just clone every one of these businesses, so they aren’t missing a thing.

If you want McDonalds in Russia, just look for your local Макдональд


9 posted on 05/16/2022 4:13:21 AM PDT by Jonty30 (I did not shoot the burglar. I pointed a laser dot on his head and let the cats do the rest. )
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To: dfwgator

“Just keep on isolating Russia.
And you’re going to find you’ve replaced The Kaiser with Hitler.”

I highly doubt that your Pooty Toot will be slinging any nukes over MacDonald’s leaving Russia. Some oligarch who still has some cash will buy them up and rebrand them. There were 800 MacDonald’s locations in Russia.


10 posted on 05/16/2022 4:14:25 AM PDT by dennisw
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To: dennisw

Putin has ruined Russia. Young people have been leaving in droves. The “Russian” label will last for decades.


11 posted on 05/16/2022 4:14:40 AM PDT by rrrod (6)
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To: mewzilla

It was only a matter of time


12 posted on 05/16/2022 4:15:31 AM PDT by Jonty30 (I did not shoot the burglar. I pointed a laser dot on his head and let the cats do the rest. )
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To: dennisw

In before the non sequitur “McDonalds isn’t healthy!”


13 posted on 05/16/2022 4:17:31 AM PDT by Larry Lucido (Donate! Don't just post clickbait!)
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To: COBOL2Java

Hello; please check your last post carefully. Complete thoughts and ideas are appreciated. Thank you.


14 posted on 05/16/2022 4:18:05 AM PDT by JonPreston (Q: Never have so many, been so wrong, so often)
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To: dfwgator

I doubt it. Considering that it is far more likely that the average potato is used to make vodka rather than fries.


15 posted on 05/16/2022 4:18:37 AM PDT by Vigilanteman (The politicized state destroys aspects of civil society, human kindness and private charity.)
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To: Jonty30
This might figure in, too. From 2019...

Burger King Ribs McDonald’s After Loss of ‘Big Mac’ Trademark in the E.U.

MickeyDs was about to lose its a$$ in Russia. The virtue signaling is to try to hide the fact it's just cutting and running.

16 posted on 05/16/2022 4:20:17 AM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: Jonty30

Interesting, though, that MickeyDs is refusing to ID the buyer...


17 posted on 05/16/2022 4:21:20 AM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: dennisw

In other news, Russians are healthier than ever.


18 posted on 05/16/2022 4:26:03 AM PDT by CodeToad (Arm up! They Have!)
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To: dfwgator

Most people have no idea why Russia went to war. They seem to believe this is all Putin’s idea. Replace Putin and welcome Russia into the NWO seems to be the fantasy. Russia has been put in such a box that historically most nations, in a similar situation, resort to preemptive action. The liars in DC are already telling us we are there for the long term. Putin’s successor will not surrender the country, he will escalate the war.


19 posted on 05/16/2022 4:27:07 AM PDT by hardspunned (former GOP globalist stooge)
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To: Jonty30

Yeh, no Micky D in Russia! A sure indicator that the war is lost for Russia!


20 posted on 05/16/2022 4:33:41 AM PDT by snoringbear (,W,E.oGovernment is the Pimp, )
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