Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

The New Russia McDonald’s Owner Sets To Reopen & Expand – $MCD $DIA

By John F. Heerdink, Jr.

Reportedly, McDonald’s Corporation (MCD) Russia aims to reopen all restaurants in two months, its new owner Alexander Govor informed further adding his aim to expand to 1,000 locations from the 850 he took over last month. In May, McDonald’s Corp sold the restaurants to Govor, one of its licensees in Russia, who will rebrand them under a new name. McDonald’s temporarily closed its restaurants in Russia in March after Russia sent troops to Ukraine.

“There are now 840 restaurants ready to be relaunched. My global plan is to increase the chain to 1,000 restaurants nationwide in the next few years,” stated Govor to Forbes in his first interview since the deal. 

Govor, a leader in the Russian coal and oil sectors, did not comment as to how much he paid but informed us that there were other bidders who wanted to take over the entire chain. Govor said the process to choose a new brand name was ongoing.

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. 

Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.
(Read Original Story: Russia McDonald's new owner set to reopen, expand -Forbes in Reuters)


Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us