{"id":4904,"date":"2022-05-17T09:06:01","date_gmt":"2022-05-17T09:06:01","guid":{"rendered":"https:\/\/businessner.com\/?p=4904"},"modified":"2022-05-17T09:06:01","modified_gmt":"2022-05-17T09:06:01","slug":"mcdonalds-leaves-russia-after-30-years","status":"publish","type":"post","link":"https:\/\/businessner.com\/mcdonalds-leaves-russia-after-30-years\/","title":{"rendered":"McDonald’s Leaves Russia After 30 Years"},"content":{"rendered":"
McDonald’s entry into Russia over 30 years ago came at a time when doors for growth were seen after the fall of the Soviet Union.<\/p>\n
Three decades later, 32 years to be exact, the global fast-food chain which traces its roots in the United States has decided to shut its doors altogether in all its stores in Russia and let go of over 62,000 employees and hundreds of suppliers for its fast-food outlets.<\/p>\n
The reason for the exit: the humanitarian crisis that resulted from Russia’s invasion of its former Soviet republic, Ukraine<\/a> in late February.<\/p>\n Only two months after it paused operations last March 8, the fast-food giantwants to sell its entire slate of restaurants in the country to a local buyer. To prepare for that sale, it will start “de-arching” its restaurants or stripping them of its trademark signs, menus and branding.<\/p>\n