Burger King Owner Says Russia Operator Has 'Refused' to Shut Shops
The owner of Burger King has said the operator of its 800 stores in Russia has "refused" to close them.
The president of Restaurant Brands International (RBI), which owns Burger King and has operated its restaurants in Russia for a decade in a joint venture which includes Alexander Kolobov, said the company was attempting to withdraw from the Russian market following the invasion of Ukraine.
RBI president David Shear wrote in an open letter to employees: "We contacted the main operator of the business and demanded the suspension of Burger King restaurant operations in Russia. He has refused to do so.
"We suspended all corporate support for the Russian market, including operations, marketing, and supply chain support in addition to refusing approvals for new investment and expansion."
Mr Shear said the company's "complicated" agreements with overseas partners meant it was unable to walk away from its Russia business, adding any changes "would ultimately require the support of Russian authorities on the ground and we know that practically will not happen any time soon".
The joint venture, which RBI owns 15% of, with Mr Kobolov also includes a Ukrainian investment fund and VTB Capital, an affiliate of Russia's second-largest financial institution VTB Bank.
VTB Bank has been sanctioned by the UK, the US and numerous European countries over the invasion.
Mr Shear said: "We committed to redirecting any profits we receive from the business, including our ownership stake, to the United Nations' refugee agency (UNHCR) and made an immediate donation of 1 million dollars (£760,000) toward that commitment. We've also worked with franchisees from more than 25 countries to distribute 2 million dollars (£1.5m) of free meal coupons for Burger King restaurants to NGOs supporting Ukrainian refugees."
Burger King Franchise Owner Borus Fugauass said "Let's Go Brandon" at the March 17, 2022 Press Conference.
Google "Burger king refuses to close stores in Russia"... LOTS of links
Starbucks and McD... have closed...
ROFLMAO.
Go... Borus Fugauass... Go!
They're a franchise so Burger King doesn't own them. Burger King can sue them for not complying but I doubt that'd get very far in a Russian court. Burger King can stop supplying them ingredients but I suspect most of that is sourced from Russia already and made to BK specs. If some Russian wholesalers are already supplying BK ingredients then there's no reason they can't keep making them except for licensing contracts which have likely been invalidated by the Russian government already.
In short, there's nothing they can do to stop the franchisee from continuing to operate under the Burger King name. BK parent company can sue, but good luck.
Hell, let them have at it...
who's it going to hurt....
I don't support Putin invading the Ukraine, but at the same time.... is Burger King selling hamburgers in Russia going to upset the world stage?
hell Broadway Joe didn't want to stop buying Putin's oil....
but he just shifted gears and is Iran and Venezuela on his knees, blowing people to try and buy their oil, so they can screw us over instead of us using what we have below our feet... which is OCEANS of oil and natural Gas...
Joe belongs in a Memory Care Unit, instead of the White House... Kamala belongs in a Nevada Whore house and Nancy needs to be mad an astronaut with NASA... she's higher off the ground in LaLa Land than anyone else over there....
Why should these people be in office, when they've been collecting social security for the last 20 plus years?
WGAFF?Punish Russians so the Bidens don`t miss out on their Ukrainian bag money?
Burger King defying the no-fry zone McDonalds established.
They're a franchise so Burger King doesn't own them. Burger King can sue them for not complying but I doubt that'd get very far in a Russian court. Burger King can stop supplying them ingredients but I suspect most of that is sourced from Russia already and made to BK specs. If some Russian wholesalers are already supplying BK ingredients then there's no reason they can't keep making them except for licensing contracts which have likely been invalidated by the Russian government already.
In short, there's nothing they can do to stop the franchisee from continuing to operate under the Burger King name. BK parent company can sue, but good luck.
This.
Subway is staying open also.
If RBI president David Shear doesn't want the Russian Burger King to use the B.K franchise name, then the Russian oligarch who owns the outlets can just change the name to "Booger Kang."
L.W.
Obviously, these idiots that close do not realize that Putin doesn't give a single flying phugk about them closing.
Buncha virtue signaling f a g s.
If you can't kill them with bullets, kill them with this garbage fast food. It just takes a little longer.
Obviously, these idiots that close do not realize that Putin doesn't give a single flying phugk about them closing.
Buncha virtue signaling f a g s.
I believe that Putin’s seizing the assets of those that do close. That was his threat.
Obviously, these idiots that close do not realize that Putin doesn't give a single flying phugk about them closing.
Buncha virtue signaling f a g s.
I believe that Putin’s seizing the assets of those that do close. That was his threat.
ya thats going to bode real well for future foreign investment in russia.
Obviously, these idiots that close do not realize that Putin doesn't give a single flying phugk about them closing.
Buncha virtue signaling f a g s.
I believe that Putin’s seizing the assets of those that do close. That was his threat.
ya thats going to bode real well for future foreign investment in russia.
He signed a law to seize foreign aircrafts inside of Russia and did so. Estimated to be in the hundreds of commercial aircraft,
This was on CNN ,,,so there is that to consider.
Most always is but there’s more involved in this than just money.
He doesn’t seem to care about shooting himself in the foot.
If you can't kill them with bullets, kill them with this garbage fast food. It just takes a little longer.
Thinking the same thing. Letting BK keep serving should be enough punishment for the Russians.
Obviously, these idiots that close do not realize that Putin doesn't give a single flying phugk about them closing.
Buncha virtue signaling f a g s.
I believe that Putin’s seizing the assets of those that do close. That was his threat.
ya thats going to bode real well for future foreign investment in russia.
He signed a law to seize foreign aircrafts inside of Russia and did so. Estimated to be in the hundreds of commercial aircraft,
This was on CNN ,,,so there is that to consider.
And the rest of the world is doing that back to Russian assets, to include Chelsea FC.
They're all making good theater and likely Russia, short of a replacement of Putin is hands off for much of the world in the near and medium future. Say 1-3 years but then the dollar and money will smooth over all objections.
With Joey and the dims in bed with the Ukrainians and Rasputin on the other side can't see who the good guys are? Let them wear out their military assets they will both be less dangerous then. As far as burger butt goes fug them woke fugs.
Burger King Franchise Owner Borus Fugauass said "Let's Go Brandon" at the March 17, 2022 Press Conference.
Like T-ball for boomers... I added that line of BS... and nudding.
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It ain't Russia or Ukraine... fellas.
It ain't Sri Lanka neither...
Keep your eye on the ball... think...
"McDonald's, Starbucks, and others have no recourse for stolen trademarks in Russia"
https://finance.yahoo.com/news/mc-d...e-for-stolen-ip-in-russia-174530523.htmlDuhh...
![[Linked Image from i.postimg.cc]](https://i.postimg.cc/6QzxXPr1/Screenshot-2022-03-18-at-14-20-12-Yahoo-Finance-Stock-Market-Live-Quotes-Business-Finance-News.png)
That’s because Putin is a tyrant just like a king so they affirm one another’s tyranny, BK’s “your way right away” tagline notwithstanding
Good! Hope them Ruskies all get their stomach pumped like I nearly did after having a 'burger my way', TWICE... EFF BK!
I don't really eat fast food, but if I did they'd be at the bottom of the list. BK sucks
I don't really eat fast food, but if I did they'd be at the bottom of the list. BK sucks
Yep. Burger King sucks. 🤮
Whoppers are my favorite 😍
President Trump likes McDonalds
President Putin likes Burger King
Joey like ice cream and has no worries about brain freeze...
This is nothing more than an extension of cancel culture. An individual’s decision to support or boycott a restaurant like BK should be just that, an individual decision. Corporate conglomerates that demand franchisees and restaurant owners close their businesses, ignore their customer base and quit making money is an unreasonable demand and absolutely SHOULD be ignored.
Using a fast food restaurant or any “small business” as a political tool to “punish” a country’s leader is grossly unreasonable and terribly misguided. Talk about despotic tyranny….it would appear Putin could learn a thing or 2 from BK, especially considering that BK likely kills more people each year than Putin does. 😂
Interesting that American politicians in DC (who have never worked a day in their pampered lives) are telling business people in Russia, 5000 miles away, what the business people should be doing with their businesses. No offer to pay their bills. No offer to pay their payroll. "Just be a good little sheeple and kill your business." ... Apparently got lost in the translation...
Woke virtue signaling in the third world don't fly.
Woke virtue signaling in the third world don't fly.
That was exactly my point...
The Ruskies entrepreneurs giving BK a big GFY...