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McDonald’s To Sell Its Russian Business

McDonald’s To Sell Its Russian Business

McDonald’s said Monday that it has started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people, making it the latest major Western corporation to exit Russia since it invaded Ukraine in February. The fast food giant pointed to the humanitarian crisis caused by the war, saying holding on to…

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McDonald’s Discovers the Golden Ticket to Making Money in the Metaverse

McDonald’s Discovers the Golden Ticket to Making Money in the Metaverse

McDonald’s recently filed applications with the U.S. Patent and Trademark Office, in what indicates to most that the global fast food chain is setting up to open shop in the metaverse. Its applications largely center around the $36 billion company’s expansion into the “virtual food and beverage sector.” But McDonald’s isn’t just betting on demand for digital…

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