It's become increasingly clear this month to experts that the U.S. economy will likely enter a recession sometime soon. The media investment and analysis firm Magna has revised its 2022 advertising outlook downward from 12 percent to 9.2 percent, with growth continuing to decrease throughout the rest of the year and into 2023. Read More...
Reuters
Exclusive-Heir to McDonald’s Russia craves success but Big Mac a ‘big loss’
Big Macs and McFlurrys may be off the menu at McDonald’s successor restaurants in Russia, but the new firm has ambitious growth targets after it sold almost 120,000 burgers, a record, on its opening day, its chief executive told Reuters. McDonald’s Corp has fully exited Russia, selling all the restaurants it owned to a local licensee in May. Under new name Vkusno & tochka, or “Tasty and that’s it,” 50 restaurants in and around Moscow reopened on June 12 and June 13. Chief Executive Oleg Paroev is keen to add locations, but acknowledged the challenge of replacing some ingredients and suppliers, as well as dealing with other franchisees still using McDonald’s branding.
