Moscow: McDonald’s has begun the sale of its restaurant in Russia to its present licensee Alexander Govor and the eating places will function underneath a brand new model, ending greater than three many years of presence within the nation following its invasion of Ukraine. The world’s largest burger chain owns about 84% of its almost 850 eating places in Russia and have become one of many greatest international manufacturers to exit the nation earlier this week. The corporate shuttered lots of of areas in March after Russia invaded Ukraine, which has price McDonald’s about 55 million greenback monthly after which McDonald’s introduced it could promote these shops and depart Russia. An current McDonald’s licensee, Alexander Govor, who operates 25 eating places in Siberia, has agreed to purchase all McDonald’s eating places and function them underneath a brand new title, the Chicago burger big mentioned.Additionally Learn – Over 300 Corporations Have Shut Down Operations In Russia So Far Over Ukraine Conflict. Verify Listing Right here
Who Is Alexander Govor?
- Govor, who runs the franchise operation via his agency GiD LLC, has been a McDonald’s licensee since 2015 and had helped the burger chain increase into distant Siberia.
- Alexander Govor operates 25 McDonald’s franchises in cities reminiscent of Novosibirsk, Krasnoyarsk, Kemerovo, Tomsk, Novokuznetsk, Barnaul and Berdsk.
- Govor can be half-owner of Neftekhimservis, a development investor that owns an oil refinery in Siberia.
- He’s additionally on the board of administrators of Inrusinvest, whose initiatives embrace a medical heart and a Park Inn resort within the Siberian metropolis of Novokuznetsk.
McDonald’s nevertheless left open the likelihood that it might in the future return to Russia. “It’s unattainable to foretell what the long run could maintain, however I select to finish my message with the identical spirit that introduced McDonald’s to Russia within the first place: hope,” CEO Chris Kempczinski wrote Monday in a letter to workers. Additionally Learn – McDonald’s To Briefly Shut 850 Shops in Russia
“Thus, allow us to not finish by saying, ‘goodbye.’ As an alternative, allow us to say as they do in Russian: Till we meet once more.” Additionally Learn – McDonald’s China Launches Coriander Ice Cream Sundae & Individuals Are Shedding Their Minds!