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| Russian Burger King |
The parent company of the fast-food restaurant franchise Burger King admits it cannot close its 800 restaurants in Russia. Burger King's 800 outlets or fast food restaurants in Russia have refused to close, despite demands to suspend trade. Restaurant Brands said it had contacted its local partner, Alexander Kolobov, to close shop after Russia's invasion of Ukraine.
Quoted from the BBC, Sunday (20/3/2022), but it is said that the signing of complicated contracts with foreign partners means there is no conclusion or avoidance of this agreement. Many Western companies have closed or suspended business into the Russian state.
But a minority, including Burger King and British retailer Marks and Spencer, can't just close This is constrained by the fact that their stores are run by franchise partners under a complex legal arrangement in Russia.
In a letter to the staff of Restaurant Brands International president David Shear, We contacted the main operators of the business and demanded the suspension of Burger King's restaurant operations in Russia. And the Russian side refused to do so.
Shear continued that making any changes to his local Burger King business would eventually require support from Russian authorities on the ground and we know that is practically not happening anytime soon.
Burger King entered the Russian market about 10 years ago. The burger restaurant trades there through partner venture partnerships with Mr Kolobov as well as with Russia's (VTB) Capital and Ukrainian investment firm.
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