“The new name is Vkusno i tochka,” Oleg Paroyev, general manager of the new group, told a news conference in Moscow. For the latest headlines, follow our Google News channel online or through the app. Filled with a new logo to replace the Golden Arches, the restaurant on Pushkin Square in Moscow – where the first McDonald’s opened its doors in long queues and big fanfares in January 1990 – was about to reopen at noon. (0900 GMT). The American fast food giant McDonald’s announced on May 16 that it will leave Russia after Moscow’s attack on Ukraine. Three days later, Russian businessman Alexander Govor, who was the chain’s licensee, bought the 850 restaurant. “I am very proud of the honor that the development of this business has given me,” Govor said on Sunday. “I am ambitious and I do not only intend to open the 850 restaurants, but to develop new ones.” Under the terms of the sale, Govor agreed to retain employees for at least two years and to finance exit obligations to suppliers, owners and utilities, McDonald’s said. The price of the transaction was not disclosed, but announcing its withdrawal, McDonald’s said it planned to receive a one-time fee of $ 1.2 billion to $ 1.4 billion to write off the investment. McDonald’s had 62,000 employees in Russia. Govor, licensed since 2015, has operated 25 restaurants in Siberia. He is a co-founder of Neftekhimservice, a refining company, and a board member of a company that owns the Park Inn Hotel and private clinics in Siberia. Read more: More than 1,000 foreign companies have left Russia since February 24: Exhibition Swedish, US troops exercise on re-militarized Baltic Sea island as part of NATO exercise Armed with a drone, a teenager helps the Ukrainian army
