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McDonalds In Talks To Reopen Restaurants In Ukraine – $MCD $DIA

By John F. Heerdink, Jr.

As per reports, McDonald’s Corporation (MCD) to soon reopen its restaurants in Ukraine even as the conflict with Russia continues. However, the fast-food giant did not specify how many outlets it plans to reopen. Previously it had 109 restaurants in Ukraine. It plans to begin restaurant reopenings in Kyiv and western Ukraine, areas that have been more shielded from the conflict.

The decision to reopen came after “extensive consultation and discussion with Ukrainian officials, suppliers, and security specialists, and in consideration of our employees’ request to return to work,” stated Paul Pomroy, McDonald’s head of international operated markets.

McDonald’s informed that it was working with suppliers to get products to restaurants and bring employees back on site with safety protocols. Earlier this year, Mcdonald’s sold most of its 850 restaurants in Russia to one of its local licensees in May.

McDonald’s Corporation (MCD) is the leading global foodservice retailer with nearly 37,000 locations in over 100 countries. The Corporation operates and franchises McDonald’s restaurants in the US and across the globe with over 90% of its restaurants owned and operated by local, independent businessmen and women. To learn more about McDonald’s Corporation (MCD) and to track its progress please visit the Vista Partners McDonald’s Coverage Page

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(Read Original Story: UPDATE 3-McDonald's to start reopening restaurants in Ukraine in Reuters)


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