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May 24, 2022

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Factbox: The Great Rebrand: Western business reborn in Russia under new names

Reuters
May 20 (Reuters) – McDonald’s Corp (MCD.N) is selling its restaurants in Russia to one of its current local licensees, who will reopen the branches under a new name yet to be decided – the most high-profile rebranding so far of companies extricating themselves from Russia. read more Scores of......

McDonald’s to sell Russia restaurants to local operator, rebrand

Reuters
A sign with the logo is on display outside a McDonald’s restaurant in Omsk, Russia May 18, 2022. Picture taken with a drone. REUTERS/Alexey Malgavko Register now for FREE unlimited access to Reuters.com Register May 19 (Reuters) – McDonald’s Corp (MCD.N) is selling its restaurants in Russia to one of......

McDonald’s to exit Russia after more than 30 years

Reuters
A logo of the McDonald’s restaurant is seen in the window with a reflection of Kremlin’s tower in central Moscow, Russia March 9, 2022. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register May 16 (Reuters) – McDonald’s Corp (MCD.N) said on Monday it has started a process......

Starbucks asks White House for equal time after Biden met with union leaders

Reuters
A single use coffee cup inside a Starbucks in London, Britain, March 6, 2020. REUTERS/Henry Nicholls Register now for FREE unlimited access to Reuters.com Register NEW YORK/WASHINGTON, May 6 (Reuters) – Starbucks Corp (SBUX.O) has asked for a meeting with U.S. President Joe Biden’s administration after unionized workers talked to......

China COVID hard line eats into everything from Teslas to tacos

Reuters
SHANGHAI, May 2 (Reuters) – When Tesla’s (TSLA.O) Shanghai plant and other auto factories were shut over the last two months by emergency measures to control China’s biggest COVID-19 outbreak, the burning question was how quickly they could restart to meet surging demand. But with the Shanghai lockdown grinding into......

Coffee, tea and nagging at Japan’s anti-procrastination cafe

Reuters
TOKYO, April 26 (Reuters) – Writers facing deadlines go to Tokyo’s “Manuscript Writing Cafe” with an understanding – they can’t leave until their work is done. Oh, and there’s prodding thrown in to make sure they buckle down and finish. The clean, well-lit place in western Tokyo has 10 seats......

Just Eat Takeaway weighs Grubhub sale as pandemic boost fades

Reuters
A Just Eat delivery man rides his bicycle in Nice amid the coronavirus disease (COVID-19) outbreak in France, February 16, 2021. REUTERS/Eric Gaillard Register now for FREE unlimited access to Reuters.com Register Company may sell Grubhub, bought last year for $7.3 billion Takeaway reports 1% fall in Q1 orders as......

Starbucks CEO Schultz says days of ‘false promises’ are over

Reuters
Starbucks Chairman and CEO Howard Schultz delivers remarks at the Starbucks 2016 Investor Day in Manhattan, New York, U.S. December 7, 2016. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register April 15 (Reuters) – Starbucks Corp (SBUX.O) Chief Executive Officer Howard Schultz said there have been “a......

Wall St climbs as megacap growth stocks gain, Twitter surges

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 4, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Twitter soars after Elon Musk reveals 9.2% stake U.S.-listed Chinese companies surge Utilities, real estate lag among S&P 500......

Starbucks’ Schultz announces halt to stock repurchasing program as he returns

Reuters
Starbucks cups are pictured on a counter in the Manhattan borough of New York City, New York, U.S., February 16, 2022. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register NEW YORK, April 4 (Reuters) – Starbucks Corp’s (SBUX.O) longtime former chief executive Howard Schultz announced on Monday......

Just Eat Takeaway.com agrees delivery partnership with McDonald’s

Reuters
AMSTERDAM, March 22 (Reuters) – Just Eat Takeaway.com (TKWY.AS), Europe’s largest online restaurant food ordering service, said on Tuesday it has entered a “long-term global strategic partnership” with McDonald’s Corp. (MCD.N) to expand delivery. Financial details were not disclosed. The partnership will “support growth of the McDelivery business and will......

Starbucks’ Schultz to return as CEO Johnson retires amid union battle

Reuters
NEW YORK, March 16 (Reuters) – Starbucks’ longtime former Chief Executive Officer Howard Schultz will return temporarily after Kevin Johnson said on Wednesday that he will retire from the role on April 4, as a unionization drive at U.S. cafes heats up. Shares of the coffee chain surged 7% on......

Yum China dives as U.S. regulators take issue with audit

Reuters
A woman walks out a KFC restaurant in Beijing February 25, 2013. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Reuters.com Register Yum China says may de-list in 2024 Four other U.S. listed Chinese firms face de-listing SHANGHAI, March 11 (Reuters) – Shares in Yum China (9987.HK), and......

Hang Seng slumps to 68-month closing low; hopes on Sino-U.S. talks lift A-shares

Reuters
The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Hang Seng -1.6% CSI300 +0.3%, SSEC +0.4% China, U.S. regulators expected to reach consensus soon -source Hang Seng Tech......

Japan’s Uniqlo makes U-turn to exit Russia as Britain hits oligarchs

Reuters
March 10 (Reuters) – Japanese brands Uniqlo and Japan Tobacco made U-turns and said they were stopping business in Russia, joining the corporate crowd shunning Moscow on Thursday, and Britain escalated sanctions against oligarchs including Chelsea soccer club owner Roman Abramovich. Investment bank Goldman Sachs (GS.N) became the first U.S.......

Rio Tinto slashes ties with Russian businesses over Ukraine war

Reuters
The Rio Tinto logo is displayed on a visitor’s helmet at a borates mine in Boron, California, U.S., November 15, 2019. REUTERS/Patrick T. Fallon Register now for FREE unlimited access to Reuters.com Register March 10 (Reuters) – Rio Tinto (RIO.L), (RIO.AX) on Thursday became the first major mining company to......

Nestle, tobacco groups latest companies to pull back from Russia

Reuters
March 9 (Reuters) – Nestle(NESN.S), Philip Morris (PM.N)and Imperial Brands (IMB.L)joined the list of multinationals stepping back from Russia on Wednesday as pressure mounts from consumers in the West to take a stand against the invasion of Ukraine. The world’s biggest packaged food group fell into line with rivals Procter......

McDonald’s, icon of post-Soviet era, to close all restaurants in Russia

Reuters
NEW YORK, March 8 (Reuters) – McDonald’s Corp (MCD.N) said on Tuesday it would temporarily close all 847 of its restaurants in Russia including its iconic Pushkin Square location, increasing pressure on other global brands to pause operations in the country following Moscow’s invasion of Ukraine. The closure of the......

Bulgaria to ease coronavirus restrictions as cases drop

Reuters
SOFIA, Feb 21 (Reuters) – Bulgaria plans to lift the obligatory COVID-19 “green certificate” for entry to restaurants, shopping malls and other public venues from March 20 as coronavirus infections ease, Prime Minister Kiril Petkov said on Monday. The health pass – a digital or paper certificate showing someone has......

Billionaire investor Icahn nominates two members to McDonald’s board

Reuters
The McDonald’s logo is seen outside the fast-food chain McDonald’s in New York, U.S., October 22, 2019. REUTERS/Shannon Stapleton/File Photo Register now for FREE unlimited access to Reuters.com Register Feb 20 (Reuters) – McDonald’s Corp (MCD.N) on Sunday said Carl Icahn has nominated two members to the board of the......

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