Reportedly, McDonald’s Corporation (MCD) franchisees in Russia will have the option of working under a new brand that is likely to launch, informed Oleg Paroev, McDonald’s Russia’s general director. The McDonald’s restaurants in Russia will be sold to Alexander Govor, who runs a franchise operation of 25 restaurants under his firm GiD LLC.
The fast-food company is selling its restaurants in Russia to one of its local licensees, who will rebrand them under a new name, however McDonald’s to retain its trademarks.
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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