World News | McDonald's Successor Reopens in Russia After US Giant's Withdrawal

Moscow [Russia], June 12 (ANI/Xinhua): The successor to McDonald's in Russia, "Vkusno - i tochka," reopened the first batch of 15 restaurants in Moscow and its suburbs on Sunday, three months after the U.S. fast-food chain ended its business in Russia.

Oleg Paroev, general director of the company, announced the new brand meaning "Delicious - and that's it," during a ceremony at the restaurant in downtown Moscow's Pushkinskaya Square, the first McDonald's restaurant in the Soviet Union that opened in 1990.

Also Read | Australia PM Anthony Albanese Condemns Interception of Canberra Flights by China Fighter Jet.

Another 50 outlets will be reopened on Monday, and roughly 200 outlets are expected to reopen by the end of June. All of McDonald's former 850 restaurants across Russia are expected to reopen by the end of summer, Paroev told reporters.

According to a previous deal, the rebranded fast-food network will use new names on the menu and retain all employees under equivalent terms for at least two years.McDonald's suspended its business in Russia on March 14. The company announced its withdrawal from Russia on May 16 and three days later sold the assets to Russian businessman Alexander Govor, a former McDonald's licensee. (ANI/Xinhua)

Also Read | China Hits Back at WHO’s Report On COVID-19 Origins, Says ‘Lab Leak’ Probe A ‘Lie’.

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)