McDonald’s exits Russia but keeps its options open

Big Macs may be inflation-resistant, but recession-resistant is what’s needed to get through the next year. Like many others, McDonald’s (NYSE:MCD) has exited from Russia — selling its Russian restaurants to Alexander Govor, an existing franchisee. The new yet-to-be-named chain — which doesn’t have the right to use McDonald’s branding — offers a smaller menu…

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