Burger King says it wants to join the long list of businesses suspending operations in Russia but a business partner is blocking it from doing so.
Burger King says it wants to join the long list of businesses suspending operations in Russia but a business partner is blocking it from doing so
Shear said that RBI contacted Alexander Kolobov, who controls about 800 Burger Kings in Russia, to demand the restaurants in Russia to be closed, but “he has refused to do so.” David Shear, international president of Restaurant Brands International, the company that owns Burger King,He said that when Burger King ventured into Russia a decade ago, it entered into a partnership with restaurant magnate Alexander Kolobov, the firm Investment Capital of Ukraine and VTB Capital, an affiliate of VTB Bank. Kolobov is responsible for day-to-day operations of about 800 Burger Kings in Russia, while Shear said his company, RBI, owns a 15% stake in the joint venture.
“Would we like to suspend all Burger King operations immediately in Russia? Yes,” Shear wrote. “Are we able to enforce a suspension of operations today? No. But we want to be transparent with our actions and explain the steps we have taken to stand with the international business community in response to Russia’s attack on Ukraine and its people.
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