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Russia McDonald's new owner set to reopen, expand

June 03, 2022 / 12:24 PM
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Sharjah24 - Reuters: McDonald's Russia aims to reopen all restaurants in two months, its new owner Alexander Govor was quoted as saying on Friday, and to expand to 1,000 locations from the 850 he took over last month.
In May, McDonald's Corp sold the restaurants to Govor, one of its licensees in Russia, who will rebrand them under a new name, ending more than three decades of the "Golden Arches" in the country.

"We have a challenging and ambitious plan - to reopen all of the chain's restaurants in two months," Govor, who initially owned 25 McDonald's restaurants in Siberia as a franchisee, said in the interview with the Forbes Russia magazine.

McDonald's temporarily closed its restaurants in Russia in March after Russia sent troops to Ukraine.

"There are now 840 restaurants ready to be relaunched... My global plan is to increase the chain to 1,000 restaurants nationwide in the next few years," Govor told Forbes in his first interview since the deal.

McDonald's Russia plans to reopen its restaurant in Pushkin Square on June 12. It was its first location in Russia, opening in 1990 and becoming a symbol of American capitalism flourishing as the Soviet Union was collapsing.
June 03, 2022 / 12:24 PM

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