Shares in McDonald’s restaurants plummeted yesterday losing billions on the stock exchange following the US fast-food giant’s decision to pull out of Russia in the wake of the Ukraine invasion. The US multinational temporarily closed all of its outlets in March after Russia invaded Ukraine on February 24, setting off a chain of unrivaled economic sanctions against the former Soviet state. Big global brands and corporations such as Coca-Cola, Starbucks, and Heineken have all followed the burger giant’s lead. McDonald’s chief executive Chris Kempczinski says the company made the decision because of the “humanitarian crisis” and “unpredictable operating environment” caused […]
The story Ronald not ‘Lovin’ It’ as fast-food giant McDonald’s legs it from Russia as seen on Thaiger News.