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

Rat flees sinking ship: Karoline quits White House

6 hours ago

Fuhrerbunker rant decidedly more unhinged than previous one

12 hours ago

Maryland kids exposed to rabies after playing with sickened bat

14 hours ago

Fox News still has yet to report she lost

16 hours ago

ICE buying electrified gloves to zap victims on demand

1 day ago

Please remember this meaningless bullshit in November

1 day ago

RNC finds roles for those too violent, unstable for ICE employment

1 day ago

Team Orange batting the subpoena hatches down hard

2 days ago

TMTG posts negative $238 million earnings in Q2 2026

2 days ago

Cowardly bitch-ass president flew out of Turkey on decoy plane

2 days ago

WATCH LIVE: Trump uncures childhood diseases

2 days ago

Orange God Emperor demands Iran pay him reparations

2 days ago

Colombia hit with 7.4-magnitude earthquake, killing at least 20

2 days ago

Fox couchman almost mad at reporter for bringing the bad news

3 days ago

Hormuz never returning to pre-war condition: Iranian MP

3 days ago

“Black and Brown Voters” expert shares inside analysis on demo

3 days ago

Max Miller stuck on the ballot

3 days ago

Netanyahu says “no, fuck no” to Trump’s Hamas “peace plan”

4 days ago

Fox News reports WNBA controversy consuming Fox News

4 days ago

“Man, he’s destroying families”: Trump fanboy with fiancee in gulag

4 days ago

Strait closed until Orange Ayatollah agrees to demands: Iranians

4 days ago

Judge orders MAGA Virginians to re-rename Confederate schools

5 days ago

WATCH LIVE: Robber Barons praise their Orange Cash Cow

5 days ago

Princess Donald cries over his magical ballroom’s disappearance

5 days ago

Bitch Cassidy and the Sunsetting Career

5 days ago

White House economic wiener retcons July jobs report

6 days ago

July jobs report smashes expectations

6 days ago

Murkowski a no on Todd Blanche

6 days ago

Orange Fuhrer refuses to endorse John Thune for Senate leader

6 days ago

Andy Ogles loses primary

6 days ago

Jon Husted’s wife or someone finally told him to man the fuck up

6 days ago

Fat president still screaming about “fake news” and shit

6 days ago

“How to Lose Friends and Antagonize Presidents” by Thom Tillis

6 days ago

Beaver attacks prompt closure of Maryland state park waterways

7 days ago

Bunnygate scandal continues to engulf Miller campaign

7 days ago

Enraged Fuhrer vows “treasonous” leakers being “hunted down”

7 days ago

Failed casino owner shares business wisdom in Vegas: Live

1 week ago

Jon Husted has no opinion on Max Miller

1 week ago

WATCH LIVE: Todd and K$H’s Excellent Press Conference

1 week ago

Fox News-brained senior citizen actually constitutionally empowered to follow through on his bullshit rants, doesn’t

1 week ago

Patriot arrested outside of Trump’s California golf course

1 week ago

DCCC adds another 12 seats to target list

1 week ago

Chuck Edwards throws in the towel after Ethics finding

1 week ago

Axios “reality checks” Trump’s “golden age”

1 week ago

Abdul El-Sayed wins Michigan Dem Senate nomination

1 week ago

Stuffed toy bunny hostage situation, other matters, unresolved

1 week ago

Minnesota MAGA Congressman hints Tom Emmer possibly dying

1 week ago

Box-o-Wine brought evidence to White House

1 week ago

Max Miller asks House Ethics to investigate him

1 week ago

WATCH LIVE: Trump defense lawyer confirmation hearing

1 week ago

x
x
x
x
x
x