Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Business

Shivani Kumaresan

Burger King Faces Difficulty In Exiting Russian JV: Reuters

Burger King Russia MCD NYSE QSR McDonald Restaurant Brands Restaurant Brands International Inc Wikimedia Commons Ukraine

Restaurant Brands International Inc (NYSE:QSR) owned Burger King is finding it difficult to close its joint venture in Russia, Reuters reported.
The fast-food chain has been having a hard time exiting its partnership and about 800 franchised locations after Russia's invasion of Ukraine.
Restaurant Brands intended to dispose of its Burger King joint venture ownership stake in Russia.
The major problem is Burger King’s joint-venture-style master franchise agreement, where it does not own any of its locations in Russia, unlike McDonald's Corp (NYSE:MCD).
Related: McDonald's Exits Russia - Read The Latest Update
Price Action: QSR shares closed higher by 1.93% at $52.85 on Thursday.
Photo via Wikimedia Commons

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Justice Department finds a pattern of misconduct by police in Trenton, New Jersey

Justice Department finds a pattern of misconduct by police in Trenton, New Jersey

Police in New Jersey’s capital have shown a pattern of misconduct, including excessive force and unlawful stops

The Independent UK

EU migration chief raises alarm over Russian visas amid security fears

EU migration chief raises alarm over Russian visas amid security fears

European Union may need to tighten visa policies in light of growing security threats, warns EU chief

The Guardian - UK

Nikki Haley criticizes Trump cabinet picks Tulsi Gabbard and RFK Jr

Nikki Haley criticizes Trump cabinet picks Tulsi Gabbard and RFK Jr

Republican calls Trump’s choice of national intelligence director ‘a Russian, Iranian, Syrian, Chinese sympathizer’

The Guardian - US

Utah Man Fighting for Life After Freak Baja 1000 Accident, but You Can Help

Utah Man Fighting for Life After Freak Baja 1000 Accident, but You Can Help

I was in Ensenada preparing to spend 20-plus hours in a chase truck following a Can-Am through the desert when I heard someone gather a group to say a prayer for "those who we lost today." I was confused at first, thinking it was a general prayer for everyone as…

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Idaho Doctors 'Scared and Confused' Over Abortion Ban Refused to Admit Miscarrying Woman Despite Dangerous Bleeding: Lawsuit

Idaho Doctors 'Scared and Confused' Over Abortion Ban Refused to Admit Miscarrying Woman Despite Dangerous Bleeding: Lawsuit

An Idaho physician testified that a woman experiencing severe bleeding from a miscarriage was denied hospital admission until her fourth ER visit in one week.

More than 100 maternity cases being reviewed in criminal investigation

More than 100 maternity cases being reviewed in criminal investigation

Nottinghamshire Police have been receiving information from Donna Ockenden’s independent maternity review.

The Independent UK

Related Stories

Top stories on inkl right now

Justice Department finds a pattern of misconduct by police in Trenton, New Jersey

Justice Department finds a pattern of misconduct by police in Trenton, New Jersey

Police in New Jersey’s capital have shown a pattern of misconduct, including excessive force and unlawful stops

The Independent UK

EU migration chief raises alarm over Russian visas amid security fears

EU migration chief raises alarm over Russian visas amid security fears

European Union may need to tighten visa policies in light of growing security threats, warns EU chief

The Guardian - UK

Nikki Haley criticizes Trump cabinet picks Tulsi Gabbard and RFK Jr

Nikki Haley criticizes Trump cabinet picks Tulsi Gabbard and RFK Jr

Republican calls Trump’s choice of national intelligence director ‘a Russian, Iranian, Syrian, Chinese sympathizer’

The Guardian - US

Utah Man Fighting for Life After Freak Baja 1000 Accident, but You Can Help

Utah Man Fighting for Life After Freak Baja 1000 Accident, but You Can Help

I was in Ensenada preparing to spend 20-plus hours in a chase truck following a Can-Am through the desert when I heard someone gather a group to say a prayer for "those who we lost today." I was confused at first, thinking it was a general prayer for everyone as…

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Idaho Doctors 'Scared and Confused' Over Abortion Ban Refused to Admit Miscarrying Woman Despite Dangerous Bleeding: Lawsuit

Idaho Doctors 'Scared and Confused' Over Abortion Ban Refused to Admit Miscarrying Woman Despite Dangerous Bleeding: Lawsuit

An Idaho physician testified that a woman experiencing severe bleeding from a miscarriage was denied hospital admission until her fourth ER visit in one week.

More than 100 maternity cases being reviewed in criminal investigation

More than 100 maternity cases being reviewed in criminal investigation

Nottinghamshire Police have been receiving information from Donna Ockenden’s independent maternity review.

The Independent UK

Our Picks

"Worm": Keith Lee shuts down sushi joint

FOB Sushi Bar has closed its Bellevue and Seattle restaurant locations

I don't watch a lot of anime, but even I’m shocked that Scott Pilgrim Takes Off has been canceled by Netflix

One of the best anime series Scott Pilgrim Takes Off has been canceled by Netflix after one season.

Coachella 2025 has unveiled its full lineup with Post Malone, Green Day and Lady Gaga

Green Day, Post Malone and Lady Gaga have been announced as headliners for Coachella 2025.

People around world associate rolled R with a jagged line, study finds

Speakers of 28 languages linked sound and shape at least 88% of the time, in ‘strongest case of sound symbolism to date’

The Guardian - UK

8 revelations from Cher's memoir

Cher details some of the famous people she grew up with and the desperation she felt being married to Sonny Bono

Trump's Grammatical Time Machine

The president-elect uses conditional grammar to craft self-fulfilling speculative historical fiction.

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play