(ANSA) - MILAN, MAY 16 - McDonald's leaves Russia with the complete sale of its assets to a local buyer following the invasion of Ukraine by Moscow.
Bloomberg reports it.
Locals will no longer use the McDonald's name, logo, brand name.
McDonald's expects to post a non-monetary burden of approximately $ 1.2-1.5 million to cancel net investments in Russia with its exit from Russia.
The company has updated the guidance for 2022 which foresees the operating margin in the order of 40%.
Excluding the closure of all restaurants in Russia, the small expansion of the catering units is expected to contribute about 1.5% to the growth in sales of the whole system in 2022.
McDonald's expects over 1,300 new restaurants in 2022.
Investments (Capex) of approximately $ 2.1-2.3 billion.
Restaurants in Ukraine remain closed and staff will receive full salaries.
(HANDLE).