Wall Street

How McDonalds Sold 850 Stores in Russia and Lost $1 Billion In Income

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Knewz

By Alex Lang New York (Knewz) — For McDonald’s the choice was a matter of company values vs. profits. For many companies, the choice is the money. But McDonald’s is not every company. The Golden Arches chose its core values. It cost them more than $1 billion. Recently, McDonald’s decided to cease operations of its 850 stores in Russia amid the country’s invasion of Ukraine. It was a move that started with a pause, then selling all the operations. Many other western companies made similar decisions, not all have. The war against Ukraine was unjust to some and it lasted longer than expected. It …

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