Thirty Years After My Father Helped Bring McDonald's to Russia, It's Quitting the Country [Financial Post (Toronto, Ontario, Canada)]
McDonald's Corporation (MCD)
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Source: Financial Post
Over my shoulder, you can see the metal barricades that had to be erected in the restaurant’s first months to control the tens of thousands of people who lined up for a Big Mac and fries. On Monday, McDonald’s Corp. said it will exit Russia after more than 30 years of operation in the country. The fast-food chain was one of the first Western brands to set up shop in Russia, just before the fall of the Soviet Union. It wasn’t until I studied the Cold War at university that I understood that a McDonald’s opening in Pushkin Square symbolized one of the earliest fissures in the Iron Curtain. At a time when people were still lining up for bread and medicine, the golden arches were a shiny, branded beacon of economic possibility. Before the market reforms known as “shock therapy” that ushered in the rise of Vladimir Putin and the oligarchs, and before any other Western chain expanded into this new market, a group of young Russians scrambled to bring a capitalist dream to life. My dad was
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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