McDonald’s, Starbucks, Coca-Cola and General Electric all announced Tuesday they were suspending their business in Russia in response to the country’s invasion of Ukraine.
FILE - A sign is displayed outside a McDonald's restaurant, Tuesday, April 27, 2021, in Des Moines, Iowa. McDonalds said Tuesday, March 8, 2022, it is temporarily closing all of its 850 restaurants in Russia in response to the country's invasion of Ukraine. The burger giant said it will continue paying its 62,000 employees in Russia. – McDonald's, Starbucks, Coca-Cola, PepsiCo and General Electric __ ubiquitous global brands and symbols of U.S.
“Through this dynamic situation, we will continue to make decisions that are true to our mission and values and communicate with transparency," Johnson wrote. “Now more than ever we must stay true to the humanitarian aspect of our business,” PepsiCo CEO Ramon Laguarta said in an email to employees. Yum Brands, the parent company of KFC and Pizza Hut, said late Tuesday it planned to temporarily close 70 company-owned KFC restaurants in Russia. The company said it was also in talks with a franchisee to close all 50 Pizza Hut restaurants in Russia. It had announced Monday that it was donating all of the profits from its 1,050 restaurants in Russia to humanitarian efforts. It has also suspended new restaurant development in the country.
Later, McDonald's was one of the first U.S. fast food companies to open a store in Russia, a sign that the Cold War had thawed. On Jan. 31, 1990, thousands of Russians lined up before dawn to try hamburgers __ many for the first time__ at the first McDonald's in Moscow. By the end of the day, 30,000 meals had been rung up on 27 cash registers, an opening-day record for the company.in protest.
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