Future for McDonald’s in Russia revealed ...News

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Future for McDonald’s in Russia revealed
source : Russia Today ( News ) () 27
The US fast-food giant will sell its restaurants, which will be re-opened under a new brand American fast-food chain McDonald’s announced on Thursday that it has agreed to sell its business in Russia to existing licensee, Alexander Govor. The announcement comes just days after the company said it was exiting the country amid Western sanctions. Govor has been a McDonald’s licensee since 2015 and has operated 25 restaurants in Siberia. According to the statement, the businessman will acquire the entire restaurant portfolio in Russia and will operate it under a new name. The agreement is subject to closing conditions

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