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StockWatch: McDonald’s and Starbucks Begin Closing Stores!

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McDonald’s and Starbucks are shutting their restaurants and cafes in Russia.

Globally, most McDonald’s locations are operated by franchise operators. But that’s not the case in Russia, where the company operates 84% of locations.

With the share price sinking since the announcement, how detrimental will this loss of income hit the fast-food giant?

Timestamps:

  • MCD 02:00
  • SBUX 03:25

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