New York:
American fast-food giant McDonald’s will exit the Russian market and sell its business in the country to a local buyer, the company said Monday.
In a statement it said it was “pursuing the sale of its entire portfolio of McDonald’s restaurants in Russia to a local buyer” adding that would entail existing outlets there “no longer using the McDonald’s name, logo, branding, and menu, though the Company will continue to retain its trademarks in Russia”.
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