American fast-food giant McDonald's will exit the Russian market and sell its business in the increasingly isolated country after Moscow's incursion in Ukraine
Russia, where McDonald's directly manages more than 80 percent of the restaurants bearing its name, accounts for 9 percent of the company's revenue and 3 percent of its operating profit.
"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." Russia, where McDonald's directly manages more than 80 percent of the restaurants bearing its name, accounts for 9 percent of the company's revenue and 3 percent of its operating profit.Over 60,000 employees
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
G7 warn of Ukraine grain crisis, ask China not to aid RussiaThe Group of Seven leading economies warned Saturday that the war in Ukraine is stoking a global food and energy crisis which threatens poor countries, and urgent measures are needed to unblock stores of grain that Russia is preventing from leaving Ukraine. German Foreign Minister Annalena Baerbock, who hosted a meeting of top G-7 diplomats, said the war had become a “global crisis.”
Consulte Mais informação »
Ukraine wins Eurovision Song Contest in wave of goodwill following invasion by RussiaUkraine's Kalush Orchestra wins the Eurovision Song Contest amid a wave of sympathy for the nation following Russia's invasion
Consulte Mais informação »
Russia-Ukraine war live updates: NATO chief endorses looming Finland, Sweden addition as ‘historic moment’Secretary of State Antony Blinken met with Ukrainian Foreign Minister Dmytro Kuleba on Sunday to discuss military aid for Ukraine and the continuation of food exports to the developing world. Follow our live updates:
Consulte Mais informação »
British intelligence says Russia has 'lost momentum,' fallen well behind Ukraine invasion scheduleThe British Ministry of Defence claimed that Russia has lost a full one-third of its ground combat forces committed in February and British Intelligence officials say Russia has 'lost momentum' in Donbas.
Consulte Mais informação »
Finland, Sweden want in to NATO amid Russia-Ukraine warFinland declared that it wants to join NATO and a “new era,” while Secretary-General Jens Stoltenberg expressed hope that Ukraine could win the war as Russian military advances appear to be faltering.
Consulte Mais informação »
Russia-Ukraine war: Zelenskyy warns Russian blockade could lead to food shortageUKRAINE-RUSSIA LATEST: • Russia's blockade of Ukrainian ports is provoking a food crisis, President Zelenskyy says • Mariupol officials warn of humanitarian crisis
Consulte Mais informação »