From CNN Business:
The burger chain will sell its Russia business, saying the "humanitarian crisis caused by the war in Ukraine, and the precipitating unpredictable operating environment, have led McDonald's to conclude that continued ownership of the business in Russia is no longer tenable, nor is it consistent with McDonald's values."
McDonald's will take a significant write-off from exiting Russia — between $1.2 billion to $1.4 billion.
6 comments:
I’m glad most of if not all American businesses have left Russia
Ooooh. Bacon in the egg muffin! I always did like McDonald's.
Aunty, I used to always order the fish filet, but haven't had that in years.
Nice! Love their breakfast platters and I try to support them plenty especially since a lot of the McDonald's here in Hawaii are owned by local franchisees.
McDonald's has a moral conscience, it did the right things. In Putin's war, the Russian people suffer.
Jenny, I didn't know that. Thanks.
Chet, I agree.
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