The American fast-food giant has been renamed Vkusno & Tochka, which translates to Tasty and thats it.
The company, which has Oleg Paroev serving as director general, plans to open 200 branches by the end of June and all branches by the end of the summer, according to a press release.
If you recall, in May, McDonalds announced they were removing their businesses from Russia. I am very proud that they chose me to continue developing this business. That means the company views me as someone who fully shares all the principles of business and values of McDonalds, Govor said at a press conference.
I wont hide the fact that I am an ambitious man, and so I am not just going to simply open up all 850 restaurants but I am going to develop new ones as well, he said.
According to a press release, 62,000 former McDonalds employees were also retained.
The rebranding coincided with Russia Day, a holiday marking the countrys independence. It took place at the same location in Moscows Pushkinskaya Square, where McDonalds opened its first Russian restaurant on January 31, 1990.
On the first day, 30,000 people were served a McDonalds record for an opening day, the CBC reported at the time. The location even had to stay open for hours later than planned because of the crowds.
About 630 employees were chosen out of 27,000 applicants, according to a 1990 Washington Post article.
Approximately 32 years agothere were a lot of people on Pushkinskaya Square, when the first McDonalds franchise opened here in Russia. It caused quite the craze. I think the craze will be just as big with this new chain of restaurants, with a new owner, a real entrepreneur, Alexei Alexeevich, the Head of the Department of Commerce of Moscow, said during a press conference on Sunday.
McDonalds subsequently expanded its reach within the country and as of early March, there were about 850 locations operating in Russia.
However, the chain decided to leave the country and sell its Russia business, in line with many other Western businesses following Russias invasion of Ukraine, which began in February.
McDonalds accepted a charge of almost $1.4 billion after the sale to Govor, Reuters reported. Paroev has said other franchises could work under the new brand, but the traditional McDonalds brand will leave the country.
Russias anti-monopoly service said the chain could elect to buy its restaurants in Russia back within 15 years, although many terms of the sale to Govor are still unclear, Reuters also reported.
If the opening of McDonalds in 1990 symbolized the beginning of a new era in Soviet life, one with greater freedoms, then the companys current exit represents not just a closing down of business, but of society as a whole, Darra Goldstein, Willcox B. and Harriet M. Adsit professor of Russian, emerita, at Williams College, noted at the time.
The companys new logo shared with CNN has the main symbols of the restaurant depicted on it what is supposed to be two sticks of yellow fries and an orange burger. The green background, the press office told CNN, symbolizes the quality of products and service that guests are accustomed to.
Consumers flocked outside what used to be McDonalds flagship store in central Moscow on Sunday, Reuters reported.
Although Vkusno & Tochka does not offer some of the most recognizable items on the McDonalds menu including a Big Mac customers could still purchase a double cheeseburger for 129 roubles (about $2.30), compared with roughly 160 under McDonalds, and a fish burger for 169 roubles, instead of about 190 rubles previously.
Despite the some of the menu changes, the composition of the burgers and the McDonalds equipment remains the same, said Alexander Merkulov, quality manager at the new company.
The taste has stayed the same, 15-year-old Sergei, a customer, said as tucked into a chicken burger and fries. The cola is different, but there really is no change to the burger.