McDonald’s will leave Russia after more than 30 years of activity and begins the sale of its restaurant network, made up of 850 premises, a decision that will mean for the multinational to stop entering between 1,200 and 1,400 million dollars (between 1,150 and 1,340 million euros ), as announced by the company.
In early March, as a result of the war in Ukraine, the ‘golden arches’ multinational confirmed the “temporary closure” of its 850 restaurants in Russia, as well as the interruption of its activities in the country, where it has some 62,000 employees.
Now, the company decides to leave Russia definitively, since, in its opinion, the humanitarian crisis caused by the war in Ukraine and the unpredictable operating environment that precipitates it have led it to conclude that “business continuity in Russia is no longer sustainable, nor is it consistent with McDonald’s values. As part of McDonald’s decision to go out of business, the company is seeking to sell its entire portfolio of McDonald’s restaurants in Russia to a local buyer.
McDonald’s priorities include trying to ensure that employees from Russia continue to be paid until the closing of any transaction and that they have future employment with any potential buyers.
“We are exceptionally proud of the 62,000 employees who work in our restaurants, along with the hundreds of Russian suppliers who support our business, and our local franchisees. Your dedication and loyalty to McDonald’s make today’s announcement extremely difficult. However, we have a commitment to our global community and we must remain steadfast in our commitments,” said McDonald’s Chairman and CEO Chris Kempczinski.
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