McDonald's to sell Russian arm to Alexander Govor - Breaking The News
Download our appPlay StoreApp Store

McDonald's to sell Russian arm to Alexander Govor

EPA-EFE/MAXIM SHIPENKOV

McDonald's Corp. stated on Thursday that it has entered into an agreement with its existing licensee Alexander Govor to purchase its Russian business. The fast-food giant previously announced it will exit the Russian market completely, stating that the country's military operation in Ukraine is not " consistent with McDonald’s values."

Govor, who has operated 25 restaurants in Siberia since 2015, is expected to buy all 850 McDonald's properties, with the transaction expected to close in the coming weeks. The American firm said employees will be retained for at least two years on equivalent terms. "The buyer has also agreed to fund the salaries of corporate employees who work in 45 regions of the country until closing, as well as fund existing liabilities to suppliers, landlords and utilities," it stated.

Related News
Explosions sound in Ukraine's Uman city
Explosions sounded in Ukraine's city of Uman, which is located in the region of Cherkasy, according to the TSN Telegram channel.An air raid alert is in effect in the Cherkasy region.Additionally, an air raid alert was issued for the regions of Kiev, Chernihiv, Sumy, Poltava and Kharkiv, according to Ukraine's Ministry of Digital Transformation.
Lavrov: Russia ready to reach deal on Ukraine
Russian Foreign Minister Sergey Lavrov said that the United States and Russia "are moving in the right direction" and that Moscow is ready to reach a deal on Ukraine.At the same time, Lavrov said there are still "elements of this deal that require fine-tuning," in a preview of the interview he gave CBS, which is planned to be released on Sunday.Speaking about attacks on Ukraine, he stressed that Russia is striking only military targets and civilian facilities used by...
Russian monastery burns down in Ukraine attack
The New Jerusalem monastery, located in Belgorod's Valuysky district, was completely destroyed in a fire following an alleged drone attack by the Armed Forces of Ukraine on Thursday.The Belgorod Metropolitanate of the Russian Orthodox Church stated on Telegram that there were no casualties. Meanwhile, RIA Novosti cited sources claiming that two drones were involved in the strike and several people sustained minor injuries.The incident comes shortly after...
Rutte says he does not know if Putin wants peace
NATO Secretary General Mark Rutte said on Thursday that he no longer attempts to analyze Russian President Vladimir Putin's intentions, stating plainly: "I've stopped trying to read his mind."Replying to journalists' questions following his meeting with United States President Donald Trump, Rutte said he does not know whether the Russian head of state truly wants peace, adding that "something is on the table" regarding a potential resolution between Moscow and...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.