Skip to content
  • Wednesday, June 18, 2025
thebeerhousecafe

thebeerhousecafe

World's finest Food

  • Food & Cooking
  • Mexican Food
  • Organic Food
  • Healthy Food
  • Street Food
  • Fast Food
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
  • Home
  • Russian Businessman Buys McDonald’s in Russia, to Pay All Workers
Fast Food

Russian Businessman Buys McDonald’s in Russia, to Pay All Workers

May 26, 2022
Elizabeth W. Jernigan
  • McDonald’s has sold all of its restaurants in Russia to a local businessman, it said Thursday.
  • Part of the deal involves the businessman continuing to pay the fast-food chain’s employees.
  • McDonald’s has around 62,000 employees and nearly 850 restaurant locations.
Loading Something is loading.

McDonald’s has sold its business in Russia to a local licensee who already runs 25 of the fast-food chain’s restaurants in Siberia, it announced Thursday.

Russian businessman Alexander Govor has agreed to operate all of the restaurants owned by McDonald’s under a new brand.

Part of the deal with Govor entails him hiring and continuing to pay all of the employees working for McDonald’s in Russia for the next two years, McDonald’s said. No details of the rebranding have been revealed.

Govor has also agreed to pay the salaries of all McDonald’s corporate staff in Russia until closing and fund existing liabilities to suppliers, landlords, and utility companies, its Thursday statement read.

The fast-food company had around 62,000 employees in Russia when it announced earlier this week that it would exit the country in solidarity with Western sanctions and in response to the “humanitarian crisis in Ukraine.”

Govor and McDonald’s didn’t disclose any of the deal’s financials. The company said on Monday that it would take a non-cash charge of about $1.2 billion to $1.4 billion as a result of its exit from Russia.

The burger chain grew its business to nearly 850 locations in Russia after it opened its first outlet in the country in Moscow’s Pushkin Square in 1990. Before its pullout, McDonald’s owned around 84% of its restaurants in the country.

Govor ran his licensed McDonald’s branches through a company he owns called GiD LLC, which is described as being part of the restaurant industry. 

According to Reuters, he is also listed as a co-owner of a rental company called Siberian Distribution Centre and the Anzherkiy Oil refinery. Govor also has stakes in a small forestry company and a fishing and hunting company, the outlet reported, citing the Interfax news agency’s Spark database.

Tags: Bridge 99 Food Trucks, Carb Food The Lowest, Central Texas Food Bank Rating, Chinese Food Lake And Washington, Chinse Food Deliverynear Me, Coronavirus Food Shopping, Devil Food Cake Recipes, Diverse Food Culture San Francisco, Fda Bans Fat In Food, Fdragonboat Festial Traditional Food, Felix Cat Food Gravy, Fl Phone Food Stamp, Food Coloring Uncooked Macaroni Noodles, Food Competitioin Tv Shows, Food Corners Resturanta, Food Dairy Market Companies, Food Donations Wheat Ridge, Food Farming Empires And Puzzles, Food Lion Owner Operator, Food Shopping For No Gallbladder, Food Stamps Covid 19 Texas, Food Stamps In Maui, Food Stamps Office Oak Ridge, Food Truck Charlotte Explosion, Free Delivery Food Coronavirus, Fresh Food Transport Vehicles, Hpp Meaning Food, Klcc Mall Food Court, Latino Food News, Local Oragnic Food Suppliers, Low Carb Malaysian Chinese Food, Mexican Food 75234, New Hampshire Food Cart Law, Outdoor Refriderator Food Servers, Pokemon Go Themed Food, Portland Food Editor Karen Brooks, Rotten Tomatoes Small Food, Sacramento Food Tours Groupon, Sawdust City Food, Scotch Bonnet Food Item, So Ono Food Products Shankar, Superbowl Food Anthony Bourdain, Thai Food Lake Grove, Thisisinsider Food Logo, What Food To Buy Coronavirus, What'S A Bitter Food Example, Where Do Chefs Get Food, Whole Food Selves Empty, Why Thailand Have Fresh Food, Wwlp Food Truck Festival

Post navigation

Food, fuel inflation hurting Walmart | Business
The New Approach to Dayparts
June 2025
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« May    
  • May 2025
  • March 2025
  • February 2025
  • January 2025
  • November 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • July 2020
  • March 2020
  • Fast Food
  • Food & Cooking
  • Healthy Food
  • Mexican Food
  • Organic Food
  • Street Food
  • Delightful Mocktails: Celebrating Sobriety with Flavor
  • How to Plan a Corporate Catering Menu on a Budget
  • Scoring Big on Flavor: Exploring the Best Pizza Specials and Game Day Deals
  • How Regenerative Farming Differs From Organic Farming: Key Comparisons
  • Ruby Jewelry for the Bohemian Woman: Free-Spirited and Boho

Fiverr

Fiverr Logo

bl

BP

backlinkplacement.com

You may Missed

Fast Food

Delightful Mocktails: Celebrating Sobriety with Flavor

May 27, 2025
Elizabeth W. Jernigan
Fast Food

How to Plan a Corporate Catering Menu on a Budget

March 27, 2025
Elizabeth W. Jernigan
Fast Food

Scoring Big on Flavor: Exploring the Best Pizza Specials and Game Day Deals

February 26, 2025
Elizabeth W. Jernigan
Fast Food

How Regenerative Farming Differs From Organic Farming: Key Comparisons

January 28, 2025
Elizabeth W. Jernigan
Copyright © 2025 thebeerhousecafe
Theme by: Theme Horse
Proudly Powered by: WordPress

WhatsApp us