McDonald’s will keep jobs in Russia
The fast-food chain McDonald’s announced last March the temporary closure of its 850 stores in Russia and the freezing of its operations, which was a considerable blow given the presence of the chain in the vast Russian territory.
However, fast-food company McDonald’s announced last week that it had reached an agreement to sell its Russian business to businessman and franchise partner Alexandr Govor, which will save tens of thousands of jobs.
“Under the terms of the agreement, Mr. Govor acquires the entire restaurant portfolio of the string and is going to develop it under a new brand,” McDonald’s said in a statement, noting that the Russian businessman has been a partner since 2015 and that 25 franchises opened by him operate in Siberia.