Many Russians were amazed more than three decades ago to see a symbol of American capitalism go up in Moscow.
But now, the Golden Arches of McDonald's are coming down.
The invasion prompted executives to shut down their restaurants across the country temporarily.
But they say it's impossible to ignore the humanitarian crisis in Ukraine.
Now, they plan to sell all of their 850 restaurants to a local buyer. Those outlets will no longer be able to use the McDonald's name, logo, or branding.
The opening of a McDonald's signaled a thawing of Cold War tensions. A year later, the Soviet Union collapsed, making way for more businesses from the West.
Now the company employs more than 60,000 people nationwide. Executives say they'll ensure those workers will be paid until they sell their business.
They say, to leave, they'll have to write off more than a billion dollars.
◆ write off 清算する、帳消しにする、価値のないものとみなす
But now, the Golden Arches of McDonald's are coming down.
The invasion prompted executives to shut down their restaurants across the country temporarily.
But they say it's impossible to ignore the humanitarian crisis in Ukraine.
Now, they plan to sell all of their 850 restaurants to a local buyer. Those outlets will no longer be able to use the McDonald's name, logo, or branding.
The opening of a McDonald's signaled a thawing of Cold War tensions. A year later, the Soviet Union collapsed, making way for more businesses from the West.
Now the company employs more than 60,000 people nationwide. Executives say they'll ensure those workers will be paid until they sell their business.
They say, to leave, they'll have to write off more than a billion dollars.
◆ write off 清算する、帳消しにする、価値のないものとみなす