McDonald’s To Exit Russian Market, Sell Business In Country To Local Buyer

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In a statement it said it was “pursuing the sale of its entire portfolio of McDonald’s restaurants in Russia to a local buyer”

McDonald's To Exit Russian Market, Sell Business In Country To Local Buyer

New York:

American fast-food giant McDonald’s will exit the Russian market and sell its business in the country to a local buyer, the company said Monday.

In a statement it said it was “pursuing the sale of its entire portfolio of McDonald’s restaurants in Russia to a local buyer” adding that would entail existing outlets there “no longer using the McDonald’s name, logo, branding, and menu, though the Company will continue to retain its trademarks in Russia”.

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