Stocks

Rebranded Mcdonald’s Will Open in Russia

McDonald’s last month stated it was selling its restaurants in Russia to one of its local licensees, Alexander Govor. The deal marked one of the most high-profile business departures after Russia sent tens of thousands of troops into Ukraine on Feb. 24.

McDonald’s iconic ‘Golden Arches’ have been taken down at Moscow and St Petersburg sites. They will make way for a new logo, including two fries and a hamburger patty against a green background. The reopening will initially cover 15 locations in Moscow and the surrounding region.

The new chain’s name remains a closely protected secret. A change in the name of the McDonald’s app on Friday to ‘My Burger’ generated some online excitement, but the chain’s press team spoke this was only temporary, the RBC daily reported.

The app’s home page motto read: “Some things are changing, but stable work is here to stay.”

Related Post

Russian media, quoting leaked images of the new menu, have reported renaming dishes such as the Filet-O-Fish to ‘Fish Burger’ and Chicken McNuggets to simply ‘Nuggets.’ Reuters could not verify the changes.

Headwinds

Govor has stated he plans to expand the new brand to 1,000 locations across the country and reopen all the chain’s restaurants within two months. But there may be some headwinds.

Peter Gabrielsson, Professor of International Marketing at Finland’s University of Vaasa, takes decades to build a brand. The new launch is crucial for the brand’s future success.

Recent Posts

AUD/JPY Climbs Back to 102.20, Halting Losses

Key Points: AUD/JPY broke below a rising wedge, signalling possible bearish momentum, with immediate resistance at 103.00 and support at…

4 days ago

EUR/JPY Hit 168.25, Boosted by 0.3% Q1 GDP Growth

Key Points EUR/JPY Rises to 168.25: Strengthened by robust Eurozone economy and steady ECB policy. Eurozone GDP Grew by 0.3%…

4 days ago

Chinese Electric Vehicle Market: Nio Stock Up 20%

Key Points: Nio's shares hit 44.20 HKD, up 20%, with electric vehicle deliveries up 134.6% year-on-year to 15,620. BYD leads…

5 days ago

Ethereum Price Dips Below $3,120 Amid Market Slump

Key Points: Ethereum fell sharply from $3,355 to a low of $2,813, reflecting high volatility and sensitivity to market dynamics.…

5 days ago

Stock Markets: Nikkei Down 0.1%, Hang Seng Up 2.4%

Key Points Nikkei 225 slightly fell by 0.1%, while the Hang Seng index surged by 2.4%. USD/JPY increased slightly, highlighting…

5 days ago

Gold Price Increases to ₹71,278 and $2,328

Key Points: Gold prices rose on MCX India to ₹71,278/10 gm and COMEX US to $2,328/oz. The US Dollar Index…

5 days ago

This website uses cookies.