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McDonald's will continue to work in Russia under different brand, with new owner

McDonald's announced a complete exit from the domestic market on May 16. Later it became known that the network could continue to work, but with a new owner and under a different brand. Oligarch Kairat Boranbaev, as well as the franchisee of Razvitie Rost LLC, which is part of Rosinter, were named as possible contenders for the purchase of the business.

On May 19, the company announced that it had entered into a sale and purchase agreement with its current licensee, businessman Alexander Govor. Alexander Govor is an oilman from Novokuznetsk who owns the GiD company and manages 25 Siberian McDonald's restaurants in seven cities.

Support for the new owner of the McDonald's business in Russia was guaranteed by the head of the Ministry of Industry and Trade Denis Manturov, who said that the priority is to preserve jobs and further organize the network.


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