McDonald's to exit Russia, sell business 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 says.

In a statement today it says it’s “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.”

McDonald’s to exit Russia, sell business to local buyer

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