facebook
twitter
rss
account
search
search
 

McDonald's in $135M Russia expansion

Feb. 1, 2010 at 9:19 AM   |   Comments

| License Photo
MOSCOW, Feb. 1 (UPI) -- U.S. fast-food restaurant chain McDonald's will spend around $135 million to expand and upgrade its Russian operations, company officials say.

McDonald's chief operations officer Jim Skinner Monday said Russia has emerged as a priority area for investment for the company headquartered in Oakbrook, Ill., this year, RIA Novosti reported.

Skinner said the Russia plan is part of the fast-food giant's $1.2 billion European development strategy. McDonald's currently has some 6,600 European restaurants and is set to open another 250 this year.

Skinner told the Russian news agency that between 40 and 45 new McDonalds' outlets would be opened in Russia each year through 2012, up from its current count of 245 Russian restaurants.

Topics: Jim Skinner
© 2010 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Marijuana decriminalized in Philadelphia Marijuana decriminalized in Philadelphia
2
Reports claim Ukraine used cluster bombs in Donetsk city Reports claim Ukraine used cluster bombs in Donetsk city
3
Early completion of refit of Italian aircraft carrier Early completion of refit of Italian aircraft carrier
4
No, Banksy hasn't been arrested, nor his identity revealed No, Banksy hasn't been arrested, nor his identity revealed
5
Pope Francis condemns 'hostile inflexibility' within the church Pope Francis condemns 'hostile inflexibility' within the church
Trending News
Around the Web
x
Feedback