Subscribe Login
Restaurant

McDonald's Will Have A 15-Year Option To Buy Its Restaurants In Russia Back

By Dave Simpson

McDonald's Corp MCD.N will have an option to buy its restaurants in Russia back within 15 years, Russia's anti-monopoly service said in a statement on Thursday 2 June.

Rebrand

The service approved a deal in which the fast-food company sold the restaurants to one of its local licensees - Alexander Govor, who will rebrand them, ending more than three decades of the "Golden Arches" in the country.

McDonald's Russia Restaurants To Reopen Under New Brand From 12 June, Says Local Company

The above news followed news from earlier this week that McDonald's MCD.N Russia has said that it plans to reopen restaurants to the public from 12 June under a new brand that will be introduced separately, after the burger chain said it was selling to a local licensee.

Get a FREE Digital Subscription!

Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

Enjoy a FREE Digital Subscription
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Enjoy a FREE Digital Subscription
Enjoy a FREE Digital Subscription
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Enjoy a FREE Digital Subscription