McDonald’s leaves Russia after 32 years of war in Ukraine Business

It plans to offload its entire restaurant portfolio to a local buyer and remove McDonald’s gold arches, branding and menu, although it will retain its brand.

Chief executive Chris Kempczinski said the “dedication and loyalty to McDonald’s” of employees and hundreds of Russian suppliers made the decision to leave difficult.

“However, we have a commitment to our global community and must stay true to our values,” he said in a statement, “and our commitment to our values ​​means we can no longer shine the arks there. “.

He added: “Some might argue that providing access to food and continuing to employ tens of thousands of ordinary citizens is definitely the right thing to do.

“But it is impossible to ignore the humanitarian crisis caused by the war in Ukraine. And it’s impossible to imagine that the golden arches represent the same hope and promise that led us to enter the Russian market 32 ​​years ago.

McDonald’s will continue to pay local staff until it finds a new owner for the business.

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This notice was published: 2022-05-16 11:17:38

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