McDonald's Russia franchisees to have option of working under new brand -TASS [Reuters]
McDonald's Corporation (MCD)
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Source: Reuters
McDonald's Russia franchisees to have option of working under new brand -TASS By Reuters Staff 2 Min Read (Reuters) -McDonald’s Corp franchisees in Russia will have the option of working under a new brand that will launch imminently, 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. “It is in everyone’s interests to launch the new brand as soon as possible. “The brand itself, under which (they) work, will have to change. They won’t be able to work under McDonald’s,” Paroev said. “The rights to the brand are held by the corporation.” The fast-food company is selling its restaurants in Russia to one of its local licensees, who will rebrand them under a new name, ending more than three decades of the “Golden Arches” in the country. McDonald’s said it will retain its t
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MCD
Earnings
- 2/5/24 - Beat
MCD
Sec Filings
- 4/23/24 - Form 144
- 4/23/24 - Form 4
- 4/18/24 - Form PX14A6G
- MCD's page on the SEC website