Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Dick Young’s Safe America
  • Your Survival Guy’s Super States
  • Critical Race Theory
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money

No More Big Macs in Moscow? Ever?

May 16, 2022 By The Editors

By Fierman Much @ Shutterstock.com

McDonald’s has signaled its plans to abandon Russia altogether by selling its businesses in the country. Some readers no doubt remember the heavily reported opening of the first McDonald’s in Russia in 1990. Dean Seal reports for The Wall Street Journal:

McDonald’s Corp. said it would quit Russia and sell its business there, ending more than three decades in the country over its invasion of Ukraine.

The fast-food giant joins a raft of Western companies, from auto makers to oil producers, exiting Russia—after in some cases having initially paused operations—as the war in Ukraine rumbles on.

McDonald’s said in March that it was temporarily closing its 847 restaurants in Russia, while continuing to pay the 62,000 people it employs there. The Chicago-based company owns and operates 84% of its restaurants in Russia, with the rest run by franchisees.

On Monday, McDonald’s said that continued ownership of its business in Russia was no longer tenable nor “consistent with McDonald’s values.”

“We have a commitment to our global community and must remain steadfast in our values,” Chief Executive Chris Kempczinski said in a statement.

McDonald’s said it would now pursue the sale of its entire portfolio of restaurants in Russia to a local buyer. It said those restaurants would no longer use the McDonald’s name, logo, branding or menu.

Russia’s state-run TASS news agency reported Monday that McDonald’s restaurants in the country would reopen under a different name next month.

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • Western Officials Tone Deaf on Moscow
  • My Biggest Investing Quarter Ever
  • Big Macs or Sit-Down Service
  • VIDEO: Deadliest weapons ever invented- Metal Storm
  • Author
  • Recent Posts
The Editors
Latest posts by The Editors (see all)
  • Zelensky Asks G-7 for More Assistance Fighting Russia - June 28, 2022
  • AFGHAN WITHDRAWAL: State Department Accused of “Coverup” - June 28, 2022
  • The Great Reset and the COVID Coup D’etat - June 27, 2022

Dick Young’s Must Reads

  • V4 Stands Against North African and Middle Eastern Invasion
  • Hungarian Hardliner Viktor Orban Shows European Globalists the Way
  • Why Some Kids Won’t Go Back to School, Ever
  • To Me There Isn’t a Better Way to Live
  • U.S. Survival AR-7
  • You May Be Surprised by America’s “Least Woke City”
  • Can Ginger Combat Heart Disease and Improve Circulation?
  • Hillsdale College: What College Is Meant to Be
  • Government Should Be Small, Laws Unobtrusive, and Men Left Alone
  • Soros’s Open Society Foundation, Charles Koch Team Up

Our Most Popular Posts

  • FOOD SHORTAGE: Not "If," But "How Bad?"
  • One Surprising Thing You Should Know About Private Jets
  • Paris: How Hotel Lutetia Can Challenge Le Bristol Hotel?
  • The Most Controversial Restaurant in Paris?
  • Saudi Oil Is Different from U.S. Oil?
  • Biden Running Out of People to Blame for High Gas Prices
  • Your Survival Guy in Paris: Awakened from His Slumber, “Dad, I’m Going to London”
  • FLORIDA DODGED A BULLET: Elected Superb DeSantis Over Unstable Gillum
  • Good News for the 2nd Amendment
  • RECESSION? Dow 25,000, $8 Gas, Rising Interest Rates, Spell Mid-term Crack Up

Disclosure

RSS Youngresearch.com

  • Why Work When Taxes Take It All?
  • Your Survival Guy in Paris: Awakened from His Slumber, “Dad, I’m Going to London”
  • What Happens to Your Passwords When You Die?
  • Your Survival Guy: Clearing the Decks, Buying a Boat, Seeing the World and More
  • Is the Great Job Boom Over?
  • Here’s Why You Need a 15-Year Retirement Investment Plan
  • Will ESG Do to Steel Prices What It Did to Gas Prices?
  • Kellogg Cuts Loose with Split Plan
  • Apple Shares Resilient in the Face of Recession
  • MONEY TALKS: The Best Service in Paris

10th AMENDMENT: Dobbs Decision a Win for States’ Rights

What Just Happened? Fixing Its Historic Mistake

Why Work When Taxes Take It All?

Oil Demand Increasing Despite Growth in Renewables

Why Is the USDA Burying the Facts on Low-Carb Diets?

These Normal Household Products Could Disrupt Your Endocrine System

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives