McDonald's, Starbucks, Coke, Pepsi, General Electric temporarily suspended Russia operations
2 years, 9 months ago

McDonald's, Starbucks, Coke, Pepsi, General Electric temporarily suspended Russia operations

Firstpost  

McDonald’s said it will temporarily close 850 stores but continue paying its 62,000 employees in Russia “who have poured their heart and soul into our McDonald’s brand.” Detroit: McDonald’s, Starbucks, Coca-Cola, PepsiCo and General Electric — ubiquitous global brands and symbols of US corporate might — all announced Tuesday they were temporarily suspending their business in Russia in response to the country’s invasion of Ukraine. “Our values mean we cannot ignore the needless human suffering unfolding in Ukraine,” McDonald’s President and CEO Chris Kempczinski said in an open letter to employees. The Chicago-based burger giant said it will temporarily close 850 stores but continue paying its 62,000 employees in Russia “who have poured their heart and soul into our McDonald’s brand.” Kempczinski said it’s impossible to know when the company will be able to reopen its stores. Unlike Starbucks and other fast food companies like KFC and Pizza Hut, whose Russian locations are owned by franchisees, McDonald’s owns 84% of its Russian stores.

Ukraine Companies Company Russian Stores Continue Starbucks Pepsi Pepsico Kfc Kempczinski Pizza Hut General Electric Relief Efforts Coke Temporarily Russia Operations  ukraine  pepsi  companies  pepsico  general  mcdonalds  coke  russia  operations  starbucks  stores  suspended  electric  company  temporarily  russian  continue

History of this topic

McDonald’s and Starbucks sales dented by Israel-Hamas war; recovery isn’t expected anytime soon
10 months, 2 weeks ago

McDonald’s and Starbucks sales dented by Israel-Hamas war; recovery isn’t expected anytime soon

Hindustan Times  

McDonald's and Starbucks, the two major American restaurant chains, have blamed the Israel-Hamas war for a negative impact on their sales at the end of the last year. McDonald's shares dropped by about 4% on Monday after the company revealed that its fourth-quarter revenue shortfall was partly caused by a slowdown in Middle Eastern sales. Starbucks sales decline in Middle …

Russian-owned successor of McDonald’s opens in Moscow
2 years, 6 months ago

Russian-owned successor of McDonald’s opens in Moscow

Associated Press  

MOSCOW — Three months after McDonald’s suspended operations in Russia, hundreds of people streamed into its famous former outlet on Moscow’s Pushkin Square as the restaurant reopened Sunday under a Russian owner and a new name. Two months later, McDonald’s decided to leave Russia altogether and sold its 850 restaurants to Alexander Govor, who held licenses for 25 franchises in …

Russia’s new McDonald’s reveals logo before relaunch
2 years, 6 months ago

Russia’s new McDonald’s reveals logo before relaunch

Al Jazeera  

Former McDonald’s restaurants set to reopen under new branding and ownership in Russia. The new fast-food chain that will take over McDonald’s in Russia has unveiled its new logo before its relaunch. Govor has said he plans to expand the new brand to 1,000 locations across the country and reopen all the chain’s restaurants within two months. McDonald’s, the world’s …

Whopper of a problem | The legal tangle keeping Burger King from exiting Russia
2 years, 6 months ago

Whopper of a problem | The legal tangle keeping Burger King from exiting Russia

The Hindu  

For at least a decade, Burger King's formula for European expansion has relied on a joint venture partnership, including a master franchisee, to open and operate new locations. According to a March 17 open letter to employees from RBI International President David Shear, RBI holds a 15% stake in Burger King Russia Ltd, its Russia joint venture. And Alexander Kolobov, …

Coffee to go: Starbucks quits Russia over Ukraine war
2 years, 7 months ago

Coffee to go: Starbucks quits Russia over Ukraine war

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “We condemn the unprovoked, unjust and horrific attacks on …

McDonald’s effort to ‘de-arch’ Russia is unlikely to prove easy
2 years, 7 months ago

McDonald’s effort to ‘de-arch’ Russia is unlikely to prove easy

Live Mint  

When the first golden arches appeared in Moscow’s Pushkin Square in 1990, it didn’t matter that it was mid-winter. McDonald’s chief executive officer Chris Kempczinski recalled that the company’s entry to the Russian market 32 years ago had been a triumph of hope. Kempczinski says he considered the legal constraints on operations, whether the brand could meet customer needs and …

End of an era: McDonald’s strikes deal to sell Russia restaurants
2 years, 7 months ago

End of an era: McDonald’s strikes deal to sell Russia restaurants

Al Jazeera  

The Chicago burger giant said its existing licensee Alexander Govor, who operates 25 restaurants in Siberia, has agreed to buy McDonald’s 850 Russian restaurants and operate them under a new name. McDonald’s has begun the sale of its restaurants in Russia 30 years after the burger chain became a powerful symbol of the easing of Cold War tensions between the …

McDonald’s to quit Russia because of ‘humanitarian crisis in Ukraine’
2 years, 7 months ago

McDonald’s to quit Russia because of ‘humanitarian crisis in Ukraine’

The Independent  

McDonald’s has announced that it will sell all 850 of its restaurants in Russia, more than three decades after it opened its first store in the country. Chris Kempczinski, McDonald’s CEO, said “it is impossible to ignore the humanitarian crisis caused by the war in Ukraine”. “And it is impossible to imagine the Golden Arches representing the same hope and …

'Impossible to ignore humanitarian crisis caused by war in Ukraine': McDonald's to sell Russia business
2 years, 7 months ago

'Impossible to ignore humanitarian crisis caused by war in Ukraine': McDonald's to sell Russia business

India Today  

McDonald’s is closing its doors in Russia, ending an era of optimism and increasing the country’s isolation over its war in Ukraine. “But it is impossible to ignore the humanitarian crisis caused by the war in Ukraine.” McDonald’s said it’s the first time the company has ever “de-arched,” or exited a major market. Maxim Sytch, a professor of management and …

McDonald's to Exit Russia Amid Ukraine Invasion, Sell Business in Country
2 years, 7 months ago

McDonald's to Exit Russia Amid Ukraine Invasion, Sell Business in Country

News 18  

American fast-food giant McDonald’s said Monday it will exit Russia in the wake of the Ukraine invasion, ending a more than three-decade run begun in the hopeful period near the end of the Cold War. But on Monday the “Big Mac” maker went a step further, saying the company “is pursuing the sale of its entire portfolio of McDonald’s restaurants …

De-Arching: McDonald’s to sell Russia business, exit country
2 years, 7 months ago

De-Arching: McDonald’s to sell Russia business, exit country

Associated Press  

McDonald’s is closing its doors in Russia, ending an era of optimism and increasing the country’s isolation over its war in Ukraine. “But it is impossible to ignore the humanitarian crisis caused by the war in Ukraine.” McDonald’s said it’s the first time the company has ever “de-arched,” or exited a major market. Maxim Sytch, a professor of management and …

Business Highlights: McDonald’s Russia exit,
2 years, 7 months ago

Business Highlights: McDonald’s Russia exit,

Associated Press  

___ De-Arching: McDonald’s to sell Russia business, exit country CHICAGO — McDonald’s says it’s started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people. WASHINGTON — Jeff Bezos this weekend became the latest centibillionaire to launch a political fight on Twitter by denouncing a tweet by President Joe Biden about corporate taxes as “disinformation” …

McDonald’s to sell its business in Russia
2 years, 7 months ago

McDonald’s to sell its business in Russia

Al Jazeera  

Without naming a prospective Russian buyer, McDonald’s said Monday that it would seek one to hire its workers and pay them until the sale closes. More than three decades after it became the first American fast food restaurant to open in the Soviet Union, McDonald’s said Monday that it has started the process of selling its business in Russia, another …

Burger King and Papa Johns are struggling to close all their Russian restaurants
2 years, 9 months ago

Burger King and Papa Johns are struggling to close all their Russian restaurants

CNN  

New York CNN Business — A few weeks after Russian President Vladimir Putin began his assault on Ukraine, American restaurants said they would pull out of Russia. McDonald’s, Starbucks, Papa Johns and the owner of Burger King, among others, have said that they would either shut down operations in the country or pull support from restaurants there. That’s because they …

McDonald's super-fan handcuffs himself to doors of Moscow restaurant
2 years, 9 months ago

McDonald's super-fan handcuffs himself to doors of Moscow restaurant

Daily Mail  

A McDonald's super-fan was arrested and fined in Moscow after chaining himself to the front of a restaurant to protest it closing amid the invasion of Ukraine. Luka Safronov-Zatravkin was arrested and fined after chaining himself to the door of a McDonald's in Russia to protest it closing A man orders food at a McDonald's restaurant in St Petersburg despite …

The Western firms that have not cut Russia ties over Ukraine
2 years, 9 months ago

The Western firms that have not cut Russia ties over Ukraine

Al Jazeera  

Hundreds of companies have announced plans to suspend or halt operations over war in Ukraine, but some are still doing business. Sanctions against Russia are likely to last a long time, along with rising revulsion.” Some companies in lower-profile industries like agriculture have been able to fly under the radar and avoid the type of social media pressure that had …

Cold War-style chill settles over Russia as world ponders Putin’s endgame
2 years, 9 months ago

Cold War-style chill settles over Russia as world ponders Putin’s endgame

LA Times  

On a wintry January day in 1990, the grand opening of the first McDonald’s restaurant in what was then the Soviet Union was hailed as an emblem of the thawing Cold War. “I think now is the time for wise decisions.” Russian President Vladimir Putin’s attempt to subsume a sovereign neighboring state by laying waste to entire cities and battering …

Not all Western companies sever ties to Russia over Ukraine
2 years, 9 months ago

Not all Western companies sever ties to Russia over Ukraine

Associated Press  

A shrinking number of well-known companies are still doing business in Russia, even as hundreds have announced plans to curtail ties. Sanctions against Russia are likely to last a long time, along with rising revulsion.” Some companies in lower-profile industries like agriculture have been able to fly under the radar and avoid the type of social media pressure that had …

McDonald’s transformed Russia … now it’s abandoning the country
2 years, 9 months ago

McDonald’s transformed Russia … now it’s abandoning the country

CNN  

New York CNN Business — When McDonald’s opened its doors in Moscow for the first time, it was a big deal. There often wasn’t food that was listed.” McDonald’s was an “almost magical place where food always replenished itself and people smiled at you,” she said. “And, and then eventually, we went one time, and it was doable.” For Frankopan, …

McDonald\'s, Starbucks, PepsiCo, Coca-Cola suspend business in Russia
2 years, 9 months ago

McDonald\'s, Starbucks, PepsiCo, Coca-Cola suspend business in Russia

Deccan Chronicle  

New York: US beverage giants PepsiCo and Coca-Cola, along with fast food major McDonald's and coffeehouse chain Starbucks all announced on Tuesday that they were temporarily suspending their business in Russia in response to the country's invasion of Ukraine. American multinational fast food corporation McDonald's too announced the suspension of work of all its restaurants in Russia, along with Starbucks, …

McDonald’s, Starbucks, Coke, Pepsi join exodus out of Russia
2 years, 9 months ago

McDonald’s, Starbucks, Coke, Pepsi join exodus out of Russia

Associated Press  

DETROIT — McDonald’s, Starbucks, Coca-Cola, PepsiCo and General Electric __ ubiquitous global brands and symbols of U.S. corporate might __ all announced Tuesday they were temporarily suspending their business in Russia in response to the country’s invasion of Ukraine. “Our values mean we cannot ignore the needless human suffering unfolding in Ukraine,” McDonald’s President and CEO Chris Kempczinski said in …

From McDonald’s to TikTok, why are big brands bailing on Russia?
2 years, 9 months ago

From McDonald’s to TikTok, why are big brands bailing on Russia?

Al Jazeera  

The rush of brands out of Russia stands in contrast to the response to controversies involving countries such as China. “There were public comments about it, there was concern about it, but there wasn’t a sort of announcement of ‘We’re out of Russia.’ You’ve seen a consistent groundswell globally every day, as more and more people are getting behind the …

Cadbury owner under pressure to join western exodus from Russia
2 years, 9 months ago

Cadbury owner under pressure to join western exodus from Russia

The Telegraph  

The maker of Cadbury Dairy Milk chocolate bars and the clothing chain Uniqlo are among companies still trading in Russia despite international calls for a boycott over the invasion of Ukraine. Tadashi Yanai, chief executive of Uniqlo’s parent company, Fast Retailing, said: “The people of Russia have the same right to live as we do." Thomas DiNapoli, head of New …

Russia Ukraine War: McDonald's, Starbucks, Coke, Pepsi suspend business in Russia
2 years, 9 months ago

Russia Ukraine War: McDonald's, Starbucks, Coke, Pepsi suspend business in Russia

India TV News  

Highlights McDonald’s said its restaurants in Russia and Ukraine contribute 9% of its annual revenue McDonald’s said it has donated over $5 million to its employee assistance fund and to relief efforts Burger King also said it is redirecting the profits from its 800 Russian stores to relief efforts McDonald's, Starbucks, Coca-Cola, PepsiCo and General Electric have announced they were …

McDonald’s finally bows to pressure and shuts all 850 stores in Russia
2 years, 9 months ago

McDonald’s finally bows to pressure and shuts all 850 stores in Russia

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. “As a System, we join the world in …

Boycott Calls Intensify For Companies Still Open For Business In Russia
2 years, 9 months ago

Boycott Calls Intensify For Companies Still Open For Business In Russia

Huff Post  

LOADING ERROR LOADING Major global companies, including PepsiCo and McDonald’s, are under growing pressure to quit doing business in Russia as Vladimir Putin continues his country’s war on Ukraine. New York State Comptroller Thomas DiNapoli warned several companies, including McDonald’s and PepsiCo, on Friday of “significant and growing legal, compliance, operational, human rights and personnel, and reputational risks,” attached with …

Explained: Why calls for boycotting Coca-Cola and McDonald’s over Russia-Ukraine conflict are growing
2 years, 9 months ago

Explained: Why calls for boycotting Coca-Cola and McDonald’s over Russia-Ukraine conflict are growing

Firstpost  

Russia’s financial troubles have constantly been mounting as several international companies have suspended or stopped their operations in the country Russia’s financial troubles have constantly been mounting as several international companies have suspended or stopped their operations in the country. Follow all live updates of the Russia-Ukraine conflict here More than 10 days since Russia launched a “special military operation” …

McDonald's, Coca-Cola and Starbucks shut down in Russia as iron curtain returns
2 years, 9 months ago

McDonald's, Coca-Cola and Starbucks shut down in Russia as iron curtain returns

The Telegraph  

McDonald’s, PepsiCo, Coca-Cola and Starbucks are all shutting operations in Russia as a new iron curtain descends between Moscow and the West. It comes after Britain, the US and the European Union set out plans to ditch Russian oil and gas in a move which President Joe Biden said was aimed at "targeting the main artery of Russia's economy". McDonald's …

McDonald’s joins US firms shutting down Russia operations
2 years, 9 months ago

McDonald’s joins US firms shutting down Russia operations

Al Jazeera  

Company says it can’t ignore the ‘human suffering’ in Ukraine after facing pressure to suspend operations in Russia. While lamenting the effect on 62,000 people employed at 850 restaurants in Russia, the company said, “We cannot ignore the needless human suffering unfolding in Ukraine.” New York state’s pension fund chief Thomas DiNapoli had sent letters to companies operating in the …

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