A Burger King business partner is refusing to close 800 restaurants in Russia, the company said.
Burger King is trying to suspend its operations in Russia, but that's proving difficult. A business partner controlling 800 restaurants has"refused" to close them, the company said.
"We started the process to dispose [of] our ownership stake in the business," said David Shear, president of RBI's international operations, in an open letter."While we would like to do this immediately, it is clear that it will take some time to do so based on the terms of our existing joint venture agreement."
Shear said that RBI has"demanded" that the joint venture immediately close the Burger Kings, but Kolobov has"refused to do so." Shear explained that a"complicated legal process" is preventing it from shutting down the partnership and businesses.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Burger King needs help of Russian authorities to close its 800 restaurants'Would we like to suspend all Burger King operations immediately in Russia? Yes,' the burger chain's parent company said in a statement.
Read more »
Burger King franchise 'refuses' to close 800 restaurants in Russia, company saysBurger King is trying to close 800 of its restaurants in Russia. There's just one problem: The Russian franchise operator is refusing
Read more »
Burger King franchise 'refuses' to close 800 restaurants in Russia, company saysA Burger King business partner is refusing to close 800 restaurants in Russia, the company said.
Read more »
Burger King franchise 'refuses' to close 800 restaurants in Russia, company saysA Burger King business partner is refusing to close 800 restaurants in Russia, the company said.
Read more »
Burger King is trying to pull out of Russia but can’t – here’s whyBurger King’s owner, Restaurant Brands International, said in an open letter, “internally, we have been working around the clock to do all the right things.”
Read more »
Burger King business partner refuses to close Russian restaurantsBurger King said that its business partner controlling approximately 800 restaurants in Russia has 'refused' to suspend operations in the country.
Read more »