Russia’s invasion of Ukraine has pushed large restaurant chains including McDonald’s, KFC, and Starbucks to halt operations in both countries.Now, McDonald’s is taking a step further and exiting Russia entirely after operating there for 32 years.The company said that it plans to sell its 850 restaurants in Russia, which represent 2% of its global footprint, to a local buyer. It is also in the process of “de-arching” those restaurants, which means stripping its name, logo, branding, and menu from them.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.
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