McDonald’s has found a buyer for its Russian business, ending decades-long relationship – The Washington Post

McDonald’s has buyr for Russian enterprise

McDonald’s has found An space buyr for its Russian enterprise, finalizing plans to sever a relationship that predates The autumn of the Soviet Union.

Alexander Govor, who functions 25 eating places in Siberia, will buy the quick-meals huge’s complete Russian portfolio and function them beneath A mannequin new mannequin, The agency introduced Thursday. He furtherly agreed to retain staff for A minimal of two yrs And cover the salaries of agency staff in 45 areas and all operational funds till the deal closes.

Pending regulatory approval, the deal Is predicted To close Inside The approaching weeks. Monetary phrases Weren’t disclosed.

The selection winds dpersonal An monumental chapter for the Chicago-based mostly agency, which opened its first retailer in Moscow in January 1990 — Decrease than two yrs earlier than the collapse of the Soviet Union. Tens of hundreds of Russians lined up for the opening, which many remembered as a seminal second Inside their lives in interviews many yrs later with The Washington Submit.

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