Burger King is trying to close 800 of its restaurants in Russia. There's just one problem: The Russian franchise operator is refusing
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.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Burger King Partner in Russia Refuses to Close 800 Locations, as Fast-Food Chain Moves to DivestBurger King is moving to divest its 15% stake in its Russian business, but the burger chain said it can't legally suspend operations in the market right away.
Read more »
Fla. Burger King Employee Arrested for Opening Fire on CustomerAn employee of a Burger King in northwest Miami-Dade has been arrested after police said she shot at a customer Thursday. The incident happened at the fast food restaurant at 4727 Northwest 167th Street. Miami-Dade Police arrested Shateasha Monique Hicks, 30, after they said Hicks and a customer got into some sort of dispute and Hicks pulled out a gun…
Read more »
Russia-Ukraine live updates: Russia batters devastated cities with bombs as fierce resistance stalls ground invasionIn the absence of major advances, Russia — which has launched more than 1,000 missiles so far — is increasingly relying on “dumb' bombs to wear cities and civilians down.
Read more »
Russia-Ukraine live updates: Russia threatens countries arming UkraineBREAKING OVERNIGHT: Russia's Foreign Minister Sergei Lavrov says that any foreign supplies to Ukraine containing military equipment will be considered 'legitimate targets' for Russian strikes.
Read more »
In-N-Out Burger opens seventh Colorado location on FridayDo you enjoy your hamburgers animal-style? A seventh Colorado In-N-Out Burger location opens Friday, making it easier to find the somewhat smothered burgers across the metro area.
Read more »
Opinion | China, Russia and the Stakes in UkraineFrom WSJopinion: Western governments, through a series of provocations, were always reluctant to destabilize the Putin regime for the reasons that now worry the Chinese—what comes next, writes HolmanJenkins
Read more »