McDonald's to 'de-arch' restaurants, sell business in Russia because of 'profound consequences' of war [USA TODAY]
McDonald's Corporation (MCD)
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Source: USA TODAY
McDonald's plans to leave the country completely after 32 years in Russia . The move comes on the heels of many American companies taking action against Russia's invasion of Ukraine. But McDonald's removing its arches is one of the most striking, given that its been a symbol for worldly peace and globalism. McDonald's will become one of the first restaurant companies to remove its business in its entirety after having closed its stores in early March but still paid employees – a trend that other American companies such as Starbucks and Pizza Hut also executed. Up until now, many companies had resisted a full shutdown because of employee welfare, but the overarching issue of the war held too much weight. “This is a complicated issue that's without precedent and with profound consequences,” Kempczinski wrote in a message to franchises, employees and suppliers. "Some might argue that providing access to food and continuing to employ tens of thousands of ordinary citizens is surely t
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MCD
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MCD
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- 4/23/24 - Form 144
- 4/23/24 - Form 4
- 4/18/24 - Form PX14A6G
- MCD's page on the SEC website