The Last Great Companies To Ditch Russia

Photo by 8th.creator from shutterstock.com

1. McDonald’s

When it left Russia: March 8th

The CEO of the company, Chris Kempczinski, made a public affirmation, saying that he decided to temporarily shut down all the restaurants that are operating in Russia.

In conformity with an investor document, there were more than 800 McDonald’s locations all over the Russian territory.

Even though all of the restaurants are managed by franchise operators usually, this is not the situation in Russia. 84% of the locations there are conducted by the company itself, in conformity with the same document.

In addition to that, it is also said that the locations in Russia, along with another 108 that are in Ukraine, were 9% of the brand’s revenue in 2021.

The CEO stated that they had hundreds of local people who worked there whether as suppliers or as partners who produced the food for the menu. However, he said that they had to be emphatic with the sensitive situation that Ukraine has to face at the moment.

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