search

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

A McDonald's restaurant is seen in the center of Dmitrov, a Russian town 75 kilometers (47 miles) north of Moscow, Russia, December 2014. (AP Photo/FILE)
A McDonald's restaurant is seen in the center of Dmitrov, a Russian town 75 kilometers (47 miles) north of Moscow, Russia, December 2014. (AP Photo/FILE)

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.”

comments
Never miss breaking news on Israel
Get notifications to stay updated
You're subscribed