McDonald’s Corp. (NYSE:MCD) has announced it is shutting down its Russian restaurants.
What Happened: In an internal memo, McDonald’s CEO Chris Kempczinski acknowledged his company had 62,000 employees “who have poured their hearts and souls into our McDonald’s brand to serve their communities.” He added that during “thirty-plus years that McDonald’s has operated in Russia, we’ve become an essential part of the 850 communities in which we operate.”
