Beijing Tourism Group

Retail Asia08/09/2016

Private equity firms Carlyle Group and TPG Capital have teamed up with two different Chinese state companies to bid for the McDonald’s China and Hong Kong franchise licences. The deal is said to be worth between US$2 billion and US$3 billion, reports the Straits Times. McDonald’s has previously said it is looking for long-term partners […]

Retail Asia18/07/2016

mcdonalds-hamburger-happy-meal-child-eating-1024x674.jpg

McDonald’s Corporation says it is struggling to attract the calibre of bidders it envisioned when it put its China and Hong Kong franchise up for tender. The restaurant group is offering a 20-year master franchisees for its markets in China, Hong Kong and South Korea. Bidding has gone into its second round and predictions are […]

Retail Asia25/06/2016

Beijing Tourism Group, ChemChina and Sanpower are among bidders for McDonald’s China restaurants and the 20-year master franchise covering China and Hong Kong. The deal is said to be worth about US$3 billion, and bids close on Monday. Restrictions on the franchise agreement have discouraged such buyers as private equity firms, but others have entered the […]

Tag: Beijing Tourism Group

New contenders for McDonald’s China and Hong Kong

Bidding disappoints McDonald’s Corporation

Bidding starts for McDonald’s China business