Starbucks’ former stores in Russia to reopen as Stars Coffee
The new Stars Coffee stores will open gradually throughout August and September.
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Yum! Brands to sell Russian KFC business to local operator
Last month, Yum! Brands completed the sale of all its Pizza Hut franchise assets in Russia to a local operator.
Noi-M acquires Pizza Hut’s Russian franchise
All 50 Pizza Hut stores in Russia will be rebranded following the deal.
McDonald’s restaurants to resume operations in Russia under new brand
Restaurant near the Pushkinskaya subway station in Moscow will be the first to open.
Ukraine crisis: Starbucks to exit Russian market
The coffeehouse chain entered Russia in 2007 and has 130 stores in the country.
McDonald’s signs deal to divest Russian business to current licensee
Govor has agreed to acquire the entire restaurant portfolio and operate the locations under a new brand.
McDonald’s puts Russian business up for sale amid Ukraine conflict
To cover the exit from its investment, the company could write off a charge of up to $1.4bn.
Moscow raises subsidies to entice local fast food chains
A number of global fast food chains suspended operations in Russia in response to the military offensive against Ukraine.