Rebranded McDonald's Restaurants To Reopen In Russia: Reuters

by Shivani Kumaresan, Benzinga Staff Writer

June 10, 2022 7:09 AM | 1 min read |

Russia's fast-food scene is in for a massive overhaul as former McDonald's Corp MCD restaurants are set to reopen under new branding and ownership, Reuters reported.
The fast food restaurant chain was opened about three decades ago in early 1990.
Recently, MCD entered into a sale and purchase agreement with its existing licensee Alexander Govor to sell its Russian business.
Russia's invasion of Ukraine and the subsequent economic sanctions triggered the exit.
McDonald's 'Golden Arches' have been taken down at sites in Moscow and St Petersburg, replaced by a new logo comprising two fries and a hamburger patty against a green background, the report added.
Price Action: MCD shares closed lower by 1.40% at $242.16 on Thursday.
Photo Via Wikimedia Commons