Pressure mounts on KFC to shutter its 1,000 Russian restaurants as McDonald's Coca-Cola, Starbucks and Pepsi ALL halt business there indefinitely over Ukraine invasion
KFC faces mounting pressure to shutter its 1,000 Russian restaurants after McDonald's, Coca-Cola, Pepsi and Starbucks all halted business there indefinitely because of Putin's invasion of Ukraine.
The chain is the only significant US-owned fast food chain still operating in Russia, after its rivals announced plans to suspend business there indefinitely.
KFC is owned by Yum! Brands, a Louisville, Kentucky-headquartered operation which is listed on the New York Stock Exchange, and whose CEO David Gibbs has been with the company since 1989. Yum! also operates 50 Pizza Hut locations across Russia.
Pepsi, one of the first Western products that was allowed in the former Soviet Union, will no longer be sold in Russia, said PepsiCo, which will continue the sale of essential items such as baby formula.
Starbucks joins McDonald's in closing ALL its Russian stores indefinitely | Daily Mail Online