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Russia's McDonald's successor applies for trademark in Kazakhstan

ASTANA (Reuters) - Vkusno & tochka, the Russian successor brand to McDonald's (NYSE:MCD), has applied to have its trademarks registered in neighbouring Kazakhstan following the...
Russia's McDonald's successor applies for trademark in Kazakhstan © Reuters. FILE PHOTO: People gather near the new restaurant "Vkusno & tochka", which opens following McDonald's Corp company's exit from the Russian market, in Moscow, Russia June 12, 2022. REUTERS/Evgenia Novozhenina
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ASTANA (Reuters) - Vkusno & tochka, the Russian successor brand to McDonald's (NYSE:MCD), has applied to have its trademarks registered in neighbouring Kazakhstan following the U.S. company's exit from its market, the Kazakh government said on Monday.

McDonald's and its Kazakh licensee terminated their agreement this month, citing supply issues.

Sources earlier told Reuters McDonald's Kazakhstan had stopped buying supplies from Russia and had trouble replacing them.

McDonald's closed its Russian restaurants soon after Moscow sent tens of thousands of troops into Ukraine last February, eventually selling to a local licensee, Alexander Govor, who unveiled the Vkusno & tochka brand in June.

The Russian company did not immediately reply to a request for comment.

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01-05-2024 10:45:17 (UTC+7)

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
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    Natural Gas 1.946 ↑ Sell  
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    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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