McDonald’s goes bankrupt in Russia as a result of Russia’s war against Ukraine. After more than 30 years in the country, the branches are being sold to a potential Russian customer, the American fast food chain announced in Chicago on Monday.
The company had concluded that ownership of the Russian operations 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 its restaurants in the country. The new owner of the restaurants is no longer allowed to use the brand symbols.
According to its own statements, McDonald’s will incur special costs of $1.2 billion to $1.4 billion for the withdrawal from Russia, including depreciation and foreign currency losses.
Source: Krone
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