Heir to McDonald's Russia craves success but Big Mac a 'big loss'The McDonald's exit saga shows both how difficult it is for Western consumer businesses that decided to leave over Moscow's actions in Ukra...
21 Jun, 2022, 06.53 PM IST
Burger King caught in complex legal web, thwarting Russia exitUnlike rival McDonald's Corp, which owns the vast majority of its Russia locations, and which plans to sell them to an existing franchisee,...
03 Jun, 2022, 03.40 PM IST
Nike follows in the footsteps of H&M & Adidas, will not renew franchise agreements in RussiaDue to operational challenges, Nike has decided to not renew or enter into new business commitments.
28 May, 2022, 11.01 AM IST
Nike halts sales to retailers in RussiaThe move affects licensed retailers as Nike shuttered company-owned stores two months ago soon after Moscow sent troops into the neighborin...
25 May, 2022, 08.39 PM IST
Starbucks leaving Russian market, shutting 130 storesStarbucks' stores are owned and operated by Alshaya Group, a Kuwait-based franchise operator. A spokesperson for Alshaya referred questions...
23 May, 2022, 07.26 PM IST
McDonald's era in Russia coming to a close, restaurants soldThe Chicago burger giant said Alexander Govor, who operates 25 restaurants in Siberia, has agreed to buy McDonald's 850 Russian restaurants...
19 May, 2022, 08.03 PM IST
McDonald's to sell its Russian business, try to keep workersThe Chicago-based company announced in early March that it was temporarily closing its stores in Russia but would continue to pay employees...
16 May, 2022, 03.50 PM IST
In Russia's Pokrov, sanctions see residents stockpile sugar, tighten beltsFacing its gravest economic crisis for more than 20 years, Moscow has been telling citizens there is no lack of food and urging them not to...
22 Mar, 2022, 09.00 PM IST
US-based Papa John's outlets continue to stay open in Russia despite grim situationThe franchisee of 190 Papa John's Russia outlets under the supervision of Christopher Wynne continues to stay open despite the situation in...
15 Mar, 2022, 10.17 PM IST
Companies leaving Russia don’t know if and when they’ll returnAfter Vladimir Putin ordered an invasion of Ukraine on Feb. 24, a mass corporate exodus set in, starting with BP Plc and quickly gathering ...
12 Mar, 2022, 11.57 PM IST
Nestle, tobacco groups latest companies to pull back from RussiaThe moves came after Coca-Cola and McDonald's halted sales in Russia, where a senior member of the ruling party has warned that foreign fir...
09 Mar, 2022, 09.45 PM IST
McDonald's says Russia store closures to cost $50 mln per monthA cascade of major American brands, including Starbucks Corp , PepsiCo Inc and Coca-Cola Co, followed McDonald's on Tuesday in saying they ...
09 Mar, 2022, 08.43 PM IST
McDonald's to temporarily close 850 stores in RussiaThe burger giant said it will continue paying its 62,000 employees in Russia “who have poured their heart and soul into our McDonald's bran...
09 Mar, 2022, 12.05 AM IST
Harsh words, tough action: how companies have rebuffed RussiaOil company BP's decision to sell out of Russia at a cost of as much as $25 billion was a shock for an industry that has worked very closel...
04 Mar, 2022, 12.38 PM IST
Subway targets Europe with 1,000 new outlets in 2014Subway plans to pick up the pace of openings in Europe by adding as many as 1,000 new locations in 2014.
22 Aug, 2013, 12.20 PM IST
- McDonald's July same-store sales rise 8%
McDonald's Corp posted an 8 per cent gain in July same-store sales as hungry consumers worldwide lined up for breakfast items and the class...
08 Aug, 2008, 09.41 PM IST
- McDonald's July same-store sales rise 8 pc
Despite a tough U.S. economy, McDonald's Corp. posted an 8 percent gain in July same-store sales on Friday as hungry consumers worldwide li...
08 Aug, 2008, 09.31 PM IST