McDonald’s has signed a deal with Alexander Govor, the owner of 25 Siberian fast-food chain franchises, to acquire all of its restaurants in Russia.
The American company had closed all restaurants in the country after the Russian invasion of Ukraine.
Govor will take over the nearly 850 McDonald’s restaurants in Russia and the associated staff, but will from now on operate with its own – as yet unknown – brand name, logo and range. It is not clear how much he will pay for the acquisition.
McDonald’s had been operating in Russia for more than 30 years since the implosion of the Soviet Union but shut down all operations in the country after the invasion of Ukraine.