McDonald’s restaurants reopen in Russia under new name

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McDonald’s restaurants reopen in Russia under new name
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Oleg Paroev, chief executive of Vkusno & tochka, said the company was planning to reopen 200 restaurants in Russia by the end of June and all 850 by the end of the summer.

REUTERS

“Our goal is that our guests do not notice a difference either in quality or ambience,” Paroev told a media conference in what used to be the first McDonald’s restaurant that opened in Soviet Moscow in 1990.“The corporation asked me to, first of all, keep the headcount, to provide people with work. That’s what I’m going to do,” he added.

The reopening of the outlets could provide a test of how successfully Russia’s economy can withstand Western sanctions.The rebranded fast-food chain will keep its old McDonald’s interior but will expunge any references to its old name, said Paroev, who was appointed Russia McDonald’s CEO weeks before Moscow sent tens of thousands of troops into Ukraine on Feb. 24.

Paroev said the company would keep “affordable prices” but did not rule out that they would go up slightly in the near term.

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