Russian Businessman to Purchase McDonald’s Romania
- New Europe Investor
- March 27, 2015
All 67 McDonald’s outlets in Romania are to be bought by an unnamed wealthy Russian businessman, it has emerged.
The deal which has allegedly been in negotiation since last summer, is supposed to be worth €50 million (€46 million) according to Economica.
The takeover was confirmed by the General Director of McDonald’s Romania, Daniel Boaje who would add no further comment.
The purchase will not affect the operations, nor will there be any change in staff. Reports say the franchise will not be affected in any way and a franchise fee will be paid to McDonald’s as normal.
It is understood that McDonald’s operate most of the 67 restaurants in the 21 cities they operate in. The global fast-food giant employ 4,000 people in Romania.
Half of the restaurants are in the capital, Bucharest.
Romania Insider reports that turnover for McDonald’s in Romania was €120 million in 2014.
2015 marks 20 years of McDonald’s presence in the country.
McDonald’s globally, had a relatively bad year in 2014. Turnover amounted to €27 billion, down 2% on 2013.
In addition, global profits were down 15% at just over €4 billion.