McDonald's to sell Russia restaurants to local operator

BENGALURU: McDonald's Corp is selling its Russia business to its current licensee Alexander Govor and the restaurants would operate under a new brand, ending more than three decades of presence in the country following its invasion of Ukraine.

The world's largest burger chain owns about 84% of its nearly 850 restaurants in Russia and became one of the biggest global brands to exit the country earlier this week, while saying it would retain its trademark.