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Stock Market News

McDonald’s Russia franchisees to have option of working under new brand -TASS

05/20/2022

Less than a minute

2022.05.20 18:26

McDonald's Russia franchisees to have option of working under new brand -TASS
FILE PHOTO: A sign with the logo is on display outside a McDonald’s restaurant in Moscow, Russia May 16, 2022. REUTERS/Evgenia Novozhenina

(Reuters) – McDonald’s Corp (NYSE:MCD) franchisees in Russia will have the option of working under the new brand that will presented in the near future, the TASS news agency quoted Oleg Paroev, McDonald’s Russia’s general director as saying on Friday.

“There will be a new brand and we will offer our current franchisees to join the new system on new commercial terms, to which they can either agree or refuse,” Paroev said.

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05/20/2022

Less than a minute