New owner of McDonald's outlets in Russia to drop name

The McDonald's restaurants in Russia will be sold to Alexander Govor, who runs the franchise operation through his firm GiD

A McDonald's restaurant is seen in the centre of Dmitrov, a Russian town 75km north from Moscow.

McDonald's is selling its restaurants in Russia to one of its current local licensees, who will rebrand them under a new name, ending more than three decades of the 'golden arches' in the country, the fast-food company said. 

The world's largest burger chain owns 84% of its near-850 restaurants in Russia.