McDonald’s reveals cost of Russia exit ...News

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McDonald’s reveals cost of Russia exit
source : Russia Today ( News ) () 26
The fast-food giant sold its assets to a local buyer The fast-food restaurant chain McDonald’s posted a 3% drop in revenue in the first half of this year, partly due to its exit from the Russian market. According to the company’s latest corporate report, “pre-tax charges related to the sale of the Company's business in Russia” amounted to $1.3 billion in the first six months of this year. McDonald’s temporarily closed restaurants in Russia in March joining an exodus of foreign firms in the wake of Western sanctions. Restaurants remained closed throughout the company’s sale to a local buyer in mid-June. “In order t

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