Reading Time: 2 minutes Reuters — McDonald’s Corp. on Monday became one of the biggest global brands to exit Russia, laying out plans to sell all its restaurants after operating in the country for more than 30 years following the invasion of Ukraine. The world’s largest burger chain, which owns about 84 per cent of its nearly 850 restaurants […] Read more
Golden arches to go dark in Russia as McDonald’s exits after 30 years
Russia, Ukraine form nine per cent of chain's revenue
Beyond Meat shares crumble on stock offering surprise, demand for meatless burgers soars
Reading Time: 3 minutes Reuters – Beyond Meat Inc’s shares tumbled on Monday on plans for another stock offering just three months after its IPO while demand for its plant-based burgers and sausages prompted an increase in its full-year sales forecast. Trading was volatile and shares fell more than 12 percent after hours on news of a 3.25 million […] Read more
Altria to marry Canadian pot with big tobacco
Reading Time: 3 minutes Reuters — Marlboro cigarette maker Altria Group announced a $2.4 billion investment in Cronos Group on Friday, which could give it up to 55 per cent ownership of the Canadian cannabis producer. The deal represents by far the biggest investment by a major tobacco conglomerate in a cannabis company. It comes after Canada legalized the […] Read more
Corona owner pours more funds into weed producer
Reading Time: 2 minutes Reuters — Corona beer maker Constellation Brands will invest a further $5 billion in Canada’s top cannabis producer Canopy Growth, doubling down on one of a growing number of bets by the alcohol industry in legal pot. Constellation was among the first major alcohol producers to invest in marijuana production when it pumped about $245 […] Read more
A message from April Stewart, Country Guide's Associate Editor
