Restaurant News Roundup, 03/08/2022

Latest Restaurant News March 8, 2022

 

McDonald’s and Starbucks are shutting their restaurants and cafes in Russia in response to Russia’s invasion of Ukraine. They are the latest businesses to join the move to sanction Moscow for its aggression.  Read more here: https://www.cnn.com/2022/03/08/business/mcdonalds-pepsi-coke-russia/index.html

 

KFC owner Yum Brands is another American business pausing its Russia operations and re-directing profits from its franchises in the country toward humanitarian efforts following the Russian invasion.  Read more here about the move by Yum Brands: https://www.restaurantbusinessonline.com/financing/yum-brands-pausing-development-russia

 

Restaurant named “La Maison de la Poutine” receives threats from people who incorrectly thought the name is associated with Russian leader, Vladimir Putin.  Poutine is a French-Canadian dish.  Read more here: https://www.foxnews.com/food-drink/french-restaurant-threatened-patrons-poutine-putin

 

January was a bad month for the restaurant industry as physical and on-line visits declined by 2% from 12 months earlier, according to a new tracking survey.  Read more here: https://www.qsrmagazine.com/news/report-us-restaurant-industrys-recovery-stalls-january

 

      

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