As per reports, Global fast-food giant McDonald’s Corporation (MCD) is expanding in far east Russia in December with restaurants in cities like Khabarovsk and Vladivostok. The total number of restaurants to be opened was not confirmed however, the first phase is expected to create around 300 jobs.
“The development of a network of branches in Russia is one of the company’s top priorities. In 2020, the network is continuing to actively invest in Russia’s economy and widen its presence on the market. By the end of the year, we plan to open the 800th branch in the country.” – McDonald’s stated.
The first McDonald’s restaurant opened in Moscow on Jan. 31, 1990, in the final months of the Soviet Union. The fast-food giant now has over 750 restaurants in Russia, across 60 of the countries more than 80 regions. Its total investments in Russia exceed $2.5 billion, while the average annual growth of investments is around 14%.
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.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.