(Reuters) – McDonald’s Russia goals to reopen all eating places in two months, its new proprietor Alexander Govor was quoted as saying on Friday, and to develop to 1,000 areas from the 850 he took over final month.

In Could, McDonald’s Corp (NYSE:) offered the eating places to Govor, one among its licensees in Russia, who will rebrand them underneath a brand new title, ending greater than three a long time of the “Golden Arches” within the nation.

“We’ve got a difficult and bold plan – to reopen all the chain’s eating places in two months,” Govor, who initially owned 25 McDonald’s eating places in Siberia as a franchisee, stated within the interview with the Forbes Russia journal.

McDonald’s briefly closed its eating places in Russia in March after Russia despatched troops to Ukraine.

“There are actually 840 eating places able to be relaunched… My world plan is to extend the chain to 1,000 eating places nationwide within the subsequent few years,” Govor informed Forbes in his first interview because the deal.

McDonald’s Russia plans to reopen its restaurant in Pushkin Sq. on June 12. It was its first location in Russia, opening in 1990 and changing into a logo of American capitalism flourishing because the Soviet Union was collapsing.

Govor stated the method to decide on a brand new model title was ongoing.

Based on Russia’s anti-monopoly service, which authorised the takeover, McDonald’s retains the best to purchase its Russia eating places again inside 15 years.

Govor, who constructed his fortune within the Russian coal and oil sectors, declined to say how a lot he paid however stated there have been different bidders who wished to take over all the chain.