McDonald’s reported higher second-quarter profits Tuesday behind strong comparable sales in key markets, including the United States. Net income for the quarter ending June 30 was $1.4 billion, up 28 percent from the year-ago period in results that easily topped analyst expectations. Revenues dipped three percent to $6.0 billion, partly due to the strong dollar … Read more
McDonald’s India said on Thursday that it has temporarily closed 41 restaurants in Delhi due to expired licenses in a major blow to the brand’s ambitions in the fast-growing Indian market. The American fast-food giant said it has temporarily suspended operations at 41 of its 55 McDonald’s restaurants across the Indian capital after they failed … Read more
McDonald’s India said on Thursday it has temporarily closed 41 restaurants in Delhi due to expired licenses in a major blow to the brand’s ambitions in the fast-growing Indian market. The American fast-food giant said it has temporarily suspended operations at 41 of its 55 McDonald’s restaurants across the Indian capital after they failed to … Read more
Fast food chain McDonald’s is to allow its UK staff a choice of working fixed hours or having zero-hours contracts. There has been controversy about firms using zero-hours contracts but not allowing staff to work elsewhere. McDonald’s has been trialling the move in 23 company-owned and franchise outlets. During the trial only around 20% of … Read more
A Chinese consultancy that has previously helped to win antitrust battles against Coca-Cola and Apple has taken aim at McDonald’s Corp, arguing in a complaint to regulators that the American fast food giant’s China sale may hurt workers and consumers. McDonald’s said last month it had agreed to sell the bulk of its China and … Read more
McDonald’s (MCD. N) plans to open more than 50 restaurants in Russia this year and hopes to sign more franchising deals to expand in existing and new regions, the local unit’s chief executive said on Tuesday. The fast-food chain opened 73 restaurants in Russia last year, exceeding its forecast. Of the newly-opened restaurants, 65 are … Read more
As part of efforts to put to rest issues concerning the funding of the Black Stars, the Sports Minister, Edward Nii Lantey Vanderpuye, has said that arrangements are far advanced to franchise the matches of the senior national football team. Funding of the Black Stars had become a major concern for Ghanaians, amidst the rumpus … Read more
As part of efforts to put to rest issues concerning the funding of the Black Stars, the Sports Minister, Edward Nii Lantey Vanderpuye has said that arrangements are far advanced to franchise the matches of the senior national football team. Funding of the Black Stars had become a major concern for Ghanaians, amidst the rumpus … Read more