An American company intends to leave completely

An American company intends to leave completely

A well-known chain of restaurants decided to close absolutely all locations and leave this country for good. It is not the first fast-food restaurant to make such a decision, amid the conflict near Romania.

A big company has just decided: Sell everything and leave for good

Thus, one of the largest restaurant companies in the world, Yum Brands Inc, announced on Tuesday that it is “in advanced talks” to sell its restaurants and KFC franchise in Russia. In this regard, the American company intends to completely leave the Russian market after selling the brand to a local buyer, the state news agency Interfax announced.

In fact, the company has already sold its Pizza Hut business to a Russian company Noi-M, in a transaction worth about 300 million rubles, the equivalent of 4.92 million dollars, the business daily Kommersant reported in June. .

Following this agreement, all restaurants will be renamed, although the new name has not yet been announced. And Yum Brands Inc. has suspended all operations and investments in Russia since March, following the Kremlin’s invasion of Ukraine.

In the context of its activities, the company has more than 1,000 fast-food restaurants in Russia, of which almost 70 are operated by the company, and the rest are franchised independently.

This move follows the decision taken in May by the American fast food giant McDonald’s to sell all 850 restaurants in Russia to one of its local licensees for an undeclared amount. The chain was reopened in June under the name Vkusno-i Tochka.

Not all Russians are sad that the famous fast food restaurant has closed its doors

In his post, “Hello, Americans… We want to thank you for all your sanctions, because you took from our country Coca Cola, KFC, McDonald’s (…) Now, by summer, we will be healthy, strong and fat-free in bottom ”, wrote the Russian influencer and comedian Natasha Krasnova in an Instagram post in March, which was viewed over 5 million times.

In fact, many Russians have encouraged the replacement of Western chains with Russian brands and, at this time, are perfectly capable of making their own burgers and other fast food products. Some have also pushed for the abandonment of American-style food as a whole in favor of local food, as much of the country rejects Western symbols of patriotism.

So did McDonald’s, the largest fast-food restaurant chain in the world, with nearly 850 locations in Russia, but decided to sell them all to a local company, amid the war that began on February 24. after announcing only a temporary closure in March.