McDonald’s ditches Russia for good

McDonald’s ditches Russia for good –

McDonald’s issued an official statement today announcing that after 32 years, the US-based fast-food giant will completely pull out of Russia and sell all of its Russian business. “After more than 30 years of operation in the country, McDonald’s Corporation announced its withdrawal from the Russian market and initiated the process of selling its Russian business,” McDonald’s statement said. McDonald’s will reportedly record a write-off of $1.2 billion to $1.4 billion and recognize “foreign currency translation losses,” as a result of […]

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