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McDonald’s to Exit from Russia
11–20 of 394 posts
Re: McDonald’s to Exit from Russia
#12Thought they had already left. Good decision for Russia and for Russians' health, to be honest.
MCD will be back once the war or situation stabilizes. Russia is a large economy that any global company would want to be a part of.
Absolutely. Just a marketing move to help people forget they are selling cancer
Re: McDonald’s to Exit from Russia
#13> The Company intends to initiate the process of “de-Arching” those restaurants, which entails no longer using the McDonald’s name, logo, branding, and menu, though the Company will continue to retain its trademarks in Russia.
Obviously they'd want to keep the trademark, otherwise they have no way to prevent those sold restaurants from "re-Arching" after the "de-Arching" :)
Re: McDonald’s to Exit from Russia
#14Re: McDonald’s to Exit from Russia
#15The biggest takeaway (...) for me was the stats about how they are still growing by a decent amount. I haven't paid attention to them in a long time but
> expects... over 1,300 net restaurant additions in 2022.
suprised me.
Re: McDonald’s to Exit from Russia
#16Thought they had already left. Good decision for Russia and for Russians' health, to be honest.
I believe they closed the stores, but kept paying their employees. That would make things easier, would they have decided to re-open.
No, this was the case until now but the point of the article is that they're selling all assets and letting everyone go. They promised to help them get employed by another company, but themselves they are pretty much quitting the country.
It's a big move for McD, they are probably the only foreign chain that actually owns most of its restaurants rather than just franchising them out.
Re: McDonald’s to Exit from Russia
#17Thought they had already left. Good decision for Russia and for Russians' health, to be honest.
MCD will be back once the war or situation stabilizes. Russia is a large economy that any global company would want to be a part of.
I think whether they go back will depend on what the country looks like after things stabilize. If Russia comes out of this still on belligerent footing then spending resources to reestablish a presence will be extremely risky. Even if leadership changes and makes conciliatory noises I would expect things to still take some years before the world can trust it's authentic.
Re: McDonald’s to Exit from Russia
#18Thought they had already left. Good decision for Russia and for Russians' health, to be honest.
MCD will be back once the war or situation stabilizes. Russia is a large economy that any global company would want to be a part of.
Indeed, I know of several companies that have said they will sell the business to a local entity, but keep the options open to come back when the situation changes.
Probably whatever oligarch buys it will buy it for cheap and will cash in big time when McDonald's buys it back, so a big cash flow to supporters of the regime...
Re: McDonald’s to Exit from Russia
#19Earlier quoted context omitted.
I believe they closed the stores, but kept paying their employees. That would make things easier, would they have decided to re-open.
No, this was the case until now but the point of the article is that they're selling all assets and letting everyone go. They promised to help them get employed by another company, but themselves they are pretty much quitting the country. It's a big move for McD, they are probably the only foreign chain that actually owns most of its restaurants rather than just franchising them out.
I know there was a Russian restaurant franchise that had started buying, or least committed to buy, a bunch of locations of different Western chains.
Re: McDonald’s to Exit from Russia
#20Can you sell the Russian business without violating the sanctions?
I'm not sure who downvoted you. It is a good question. McDonald's and other consumer goods type companies are not sanctioned, so the company can sell its assets. For that matter they could continue to operate as normal in Russia if they choose.