Friday, December 9, 2022

McDonald’s withdraws from Russia

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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. 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 post special costs of 1.2 to 1.4 billion US dollars for the withdrawal from Russia, including write-downs and foreign currency losses.

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