Categories
Uncategorized

Burger King unable to close up in Russia, stuck with local partner

Burger King is having a hard time following McDonald’s and KFC/Pizza Hut’s lead in exiting the Russian market due to the refusal of a local business partner to close up about 800 locations he controls in the country, CNN Business reports. In contrast with McD’s, which wholly owns about 80% of its locations in Russia and as such could close up shop more or less unilaterally while pulling support for the remaining franchisees, Burger King’s corporate parent Restaurant Brands International Inc has only about a 15% stake in the brand’s operations there, with the rest controlled by oligarch Alexander Kolobov and his backers, with Kolobov overseeing day-to-day operations.

“There are no legal clauses that allow us to unilaterally change the contract or allow any one of the partners to simply walk away or overturn the entire agreement. No serious investor in any industry in the world would agree to a long-term business relationship with flimsy termination clauses,” wrote Restaurant Brands International operations president David Shear in an open letter.

While there’s no reason to doubt the situation is as Shear described, it’s hard not to see it how Burger King is having it their way – both ways. They get to publicly say “Hey, this is out of our hands, we want to leave Russia ASAP” but it’s buying them time after which – if there is a diplomatic solution found within the next few weeks – they’re much better positioned to walk it back and leave their brand more or less intact in Russia while McDonald’s there are converted to “Uncle Vanya’s” locations. Shame that we might never see what the “Burger Czar” logo would look like though.

Created by potrace 1.16, written by Peter Selinger 2001-2019

“They wanted this to go away”

23 minutes ago

Fox News reports Abbott on his own with this again

1 hour ago

New tariffs 10 percent despite Trump announcing 15 percent

2 hours ago

Judge Box-o-Wine gives up on prosecuting “Seditious Six” Dems

13 hours ago

Freedom Caucasians endorse Gonzales’s psychotic challenger

14 hours ago

British cops arrest fired ambassador to US over Epstein ties

20 hours ago

Fox News adjusts framing for follow-up story given new information

22 hours ago

WATCH LIVE: Trump honors the “angel moms” whose grief and suffering powered his return to inflict grief and suffering on others

22 hours ago

Fat Baby continues nonsensically caterwauling on the internet

22 hours ago

Cannon opens fire on “unfairness”

23 hours ago

Nobody’s ever seen polling numbers like this before, it’s historic

24 hours ago

Lowercase the thanks they get for saving him from dying in prison

1 day ago

Humble five-man shop in a WeWork gets $25 billion gov contract

1 day ago

Team Orange tries to own K$H elbowing into Team USA celebration

1 day ago

Surprise! Mar-a-Lago gunman was a spurned Trump fan

2 days ago

Americans in Mexico ordered to hide after cartel boss killed

2 days ago

K$H inserts himself into major international confrontation

2 days ago

Fox News reports violent American hooligans savagely beat hapless Canadians with wooden sticks and stole their gold

2 days ago

Secret Service cancels armed man outside Mar-a-Lago

2 days ago

Ghislaine Maxwell lawyers claim Epstein files act unconstitutional

2 days ago

Orange God Emperor discards vulnerable House GOP incumbent

3 days ago

Anchorage Young Republicans chair likes them young: US Attorney

3 days ago

Hate the new 10 percent import tax? Well how about 15 percent?

3 days ago

Newest Peruvian president basically the Latin American Roy Moore

3 days ago

Surprise! Chavez-Deremer’s scumbag husband won’t be charged

3 days ago

New Mexico Dem Party HQ hit with mini-Watergate

3 days ago

MAGA Land mopes through Unliberation Day

4 days ago

Small “comedian” doesn’t find Supreme Court defeat funny

4 days ago

Hunter Mugabe charged with attempting to murder gardener

4 days ago

Jaydee uses his JD to lawsplain to Supreme subtards

4 days ago

Ministry of Information urges media to remain loyal, patriotic

4 days ago

Orange Fuhrer claims he’s got workaround ready

4 days ago

Ruh-roh, Trump holding live presser after Supreme Court loss

4 days ago

Dems facing lawsuit because gay Trump fan can’t get laid

4 days ago

Taco Bell bets “street” a the right adjective to add to new product

4 days ago

“Apparently the breakfast had been going well…”

4 days ago

Republicans hold 34 to 25 percent lead over Dems as party more likely to try to rig midterm elections: Yahoo News/YouGov poll

4 days ago

“Backup plan”

4 days ago

Senator M4M demands Congress undo Supreme Court ruling

4 days ago

Supreme Court nukes Trump’s tariffs

4 days ago

House Ethics investigating Gonzales over affair with now-dead aide

4 days ago

WATCH LIVE: Mentally ill senior ruins nice breakfast for governors

4 days ago

Mediaite leaves out panty-sniffing Ohio mayor’s party affiliation

4 days ago

Q4 2025 GDP report crushes estimates

4 days ago

“War Room” account highlights Dear Leader misspelling nickname

4 days ago

South Dakota GOP worried Noem might run for Senate seat

4 days ago

Tunisian MP gets eight months in the clink for Facebook post

4 days ago

Fox News reports everything fine, just fine for Les Wexner

4 days ago

Trump evidently unconcerned government UFO files contain any allegations of his sexual abuse of captive extraterrestrial visitors

4 days ago

K$H takes FBI jet to watch USA hockey in Milan

5 days ago

x
x
x
x
x
x