McDonald’s China

Retail Asia06/09/2017

Some 2,000 quick service outlets to open by 2022 in small cities McDonald’s Corp, the global fast-food chain that has forged a new partnership in China last month, will expand faster by opening 2,000 new restaurants in the next five years. They will be set up mostly in third-and fourth-tier cities with a focus on […]

Retail Asia22/09/2016

McDonald’s is finalizing a sale of the right to operate its China and Hong Kong restaurants. Prompted by stagnating market share and an increasingly challenging operating environment, the move allows McDonald’s to keep a presence in China without the burden of ownership. The world’s biggest fast-food chain is considering final offers from three leading groups, […]

Retail Asia13/07/2016

Selected bidders for McDonald’s China and Hong Kong, including China Cinda Asset Management and dairy producer Beijing Sanyuan Foods, have been asked to make binding offers. Also invited earlier to submit a second-round bid are Sanpower Group, which owns UK department store House of Fraser, and GreenTree Hospitality. McDonald’s is selling 20-year mass franchise rights […]

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: McDonald’s China

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