McDonald's gets bids for China store sales
8 years, 9 months ago

McDonald's gets bids for China store sales

China Daily  

Children take part in a running contest organized by McDonald's Corp in Beijing. McDonald's Corp has received more than half a dozen bids for its planned sale of Chinese mainland and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower Group and China National Chemical Corporation in a deal worth about $3 billion, people familiar with the matter said. McDonald's is offering a 20-year master franchise agreement to buyers as part of the deal, but has placed restrictions that have discouraged some private equity firms from participating in the process, the people added. Other bidders who were preparing to place first-round bids ahead of Monday's deadline include Beijing Capital Agribusiness Group and GreenTree Hospitality, the people said. Oak Brook, Illinois-based McDonald's has hired Morgan Stanley to run the sale of about 2,800 restaurants in the Chinese mainland, Hong Kong and South Korea.

China Hong Kong South Korea Chinese Mcdonald  beijing  hong  china  chinese  group  sale  kong  bids  mainland  mcdonalds  store  south  deal  capital  gets  sales

History of this topic

Fast-food giants deepen market reach in 2024
1 month, 2 weeks ago

Fast-food giants deepen market reach in 2024

China Daily  

McCafe sets up a characteristic stall in Shanghai in May. McDonald's China accounted for about 70 percent of all new store openings in the company's international licensed markets, up 3 percentage points from the previous year. In the fourth quarter, McDonald's International Developmental Licensed Markets segment, which includes China, recorded a 4.1 percent increase in comparable sales, while the United …

McDonald's China to upgrade value propositions in 2025
2 months, 3 weeks ago

McDonald's China to upgrade value propositions in 2025

China Daily  

McDonald's China has recently announced plans to enhance its four key value initiatives in 2025 to align with evolving consumer needs and market trends. Phyllis Cheung, CEO of McDonald's China, emphasized the company's strategy to leverage its system advantages, including supply chain efficiencies, operational excellence and digital capabilities, to focus on offering value products. Through collaborations with Sina Weibo and …

McDonald's China to upgrade value propositions in 2025
2 months, 3 weeks ago

McDonald's China to upgrade value propositions in 2025

China Daily  

McDonald's China has recently announced plans to enhance its four key value initiatives in 2025 to align with evolving consumer needs and market trends. Phyllis Cheung, CEO of McDonald's China, emphasized the company's strategy to leverage its system advantages, including supply chain efficiencies, operational excellence and digital capabilities, to focus on offering value products. Through collaborations with Sina Weibo and …

Reputation too comes with an expiry date
10 months, 1 week ago

Reputation too comes with an expiry date

China Daily  

Diners are seen at a McDonald's quick service restaurant in Beijing in September. Two McDonald's branches, one in Zhengzhou, capital of Henan province, and another in Jinan, capital of Shandong province, have, it seems, found a solution for food that doesn't sell by the sell-by date — just replace the use-by label. Back in 2012, CCTV had named a McDonald's …

McDonald’s supersizes China bet as corporate America pulls back
10 months, 3 weeks ago

McDonald’s supersizes China bet as corporate America pulls back

Live Mint  

HONG KONG—Some U.S. consumer brands in China are struggling with tepid consumer demand and a trend toward nationalist buying. China is now the fastest-growing market for McDonald’s and its second-largest by number of stores, with more than 5,500, the company said in November. The more than 1,000 new restaurants McDonald’s opened in China last year marked a record for the …

McDonald’s buys all 225 of Israeli franchise restaurants after boycotts
11 months, 3 weeks ago

McDonald’s buys all 225 of Israeli franchise restaurants after boycotts

Al Jazeera  

McDonald’s has been subject to boycotts since franchisee Alonyal announced it would donate free meals to the Israeli military amid Gaza war. ‘It’s a human tragedy’ In February, Kempczinski said that the war had had a “disheartening” effect on sales in Middle Eastern countries and other Muslim-majority nations such as Malaysia and Indonesia. “It’s a human tragedy, what’s going on, …

McDonald’s breakneck expansion plan in 2024. Location? China
1 year, 1 month ago

McDonald’s breakneck expansion plan in 2024. Location? China

Hindustan Times  

McDonald’s Corp. will maintain its breakneck expansion in China despite weak consumer sentiment, as the burger chain follows its rivals in seeking more growth in lower-tier cities hungering for western fast food. That will account for nearly two-thirds of the new restaurants McDonald’s plans to open across all markets outside the U.S., Chief Financial Officer Ian Borden said in an …

McDonald's admits 'strategic price increases' helped to boost profits in US restaurants (as $7.29 McMuffins and $8.39 Big Macs are now a grim reality) - and chain is going to get even MORE EXPENSIVE i
1 year, 1 month ago

McDonald's admits 'strategic price increases' helped to boost profits in US restaurants (as $7.29 McMuffins and $8.39 Big Macs are now a grim reality) - and chain is going to get even MORE EXPENSIVE i

Daily Mail  

McDonald's managed to boost profits by 7 percent as a result of charging customers more for McMuffins, Big Macs, McNuggests and fries. McDonald's chief executive officer Chris Kempczinski said on pervious earnings call that the law will have 'a wage impact for our California franchisees' Fast food workers will be paid at least $20 per hour when the law signed …

After a bumpy end to a banner year, McDonald’s says sales growth will moderate in 2024
1 year, 1 month ago

After a bumpy end to a banner year, McDonald’s says sales growth will moderate in 2024

Associated Press  

After three years of exceptional sales growth, McDonald’s appears to be returning to Earth. “I think we are moving into a 2024 that’s going to look more like what you would have considered a typical year prior to COVID and all the things that have gone on,” McDonald’s President and CEO Chris Kempczinski said Monday during a conference call with …

McDonald's to up stake to 48% in nation, mulls more restaurants
1 year, 4 months ago

McDonald's to up stake to 48% in nation, mulls more restaurants

China Daily  

A set meal with a toy at a McDonald's restaurant in Beijing, July 22, 2023. Fast-food giant McDonald's Corp is increasing its minority stake substantially in its business in China to facilitate faster decision-making and exploit growth opportunities in its fastest-growing market. China is now our second-largest market; we've doubled our restaurants to more than 5,500 since 2017," said Chris …

McDonald's China bullish on biz prospects in nation
1 year, 7 months ago

McDonald's China bullish on biz prospects in nation

China Daily  

Diners are seen at a McDonald's quick service restaurant in Beijing in September. Fast food chain to propel digitalization for growth, eyeing 10,000 stores by 2028 McDonald's China said it is on track to open a total of 10,000 stores by 2028, propelled by deeper localization in its expansion, digitalization and supply chains, said its top executive. On the sixth …

McDonald's sets eyes on Chinese market
1 year, 7 months ago

McDonald's sets eyes on Chinese market

China Daily  

A set meal with a toy at a McDonald's restaurant in Beijing, July 22, 2023. According to McDonald's fiscal report, its revenue increased 14 percent year-on-year to $6.5 billion in the second quarter of this year, and its net profit reached $2.31 billion, surging 95 percent year-on-year. McDonald's said that the international developmental licensed markets showing strong comparable sales of …

McDonald's China to expedite its expansion
2 years ago

McDonald's China to expedite its expansion

China Daily  

Consumers try wireless mobile phone charging by riding spin bikes to generate electricity at the McDonald's zero carbon restaurant in the Shougang Park in Beijing. McDonald's China, the local franchise of the global quick service restaurant or QSR chain, said its business recovery in the first quarter of this year is encouraging it to accelerate its expansion in the country …

McDonald’s posts lower Q2 revenue, charges weigh down profit
2 years, 7 months ago

McDonald’s posts lower Q2 revenue, charges weigh down profit

Associated Press  

McDonald’s revenue fell short of expectations in the second quarter as coronavirus restrictions shuttered stores in China and higher prices took a toll on U.S. demand. Chief Financial Officer Kevin Ozan said McDonald’s is seeing some trade-down to cheaper items and lower sales of combo meals in the U.S., particularly among lower-income consumers. Ozan said year-over-year U.S. price increases in …

Surging sales at McDonald’s offsets trouble in China, Russia
2 years, 10 months ago

Surging sales at McDonald’s offsets trouble in China, Russia

Associated Press  

Higher U.S. menu prices and easing COVID-19 restrictions in Europe helped McDonald’s offset troubled markets like China and Russia during the first quarter. McDonald’s initially predicted U.S. costs for commodities like cooking oil and paper would rise 8% this year; now, the company expects those costs to rise between 12% and 14%, Chief Financial Officer Kevin Ozan said during a …

Remember when McDonald’s lost big at 1984 Los Angeles Games?
7 years, 9 months ago

Remember when McDonald’s lost big at 1984 Los Angeles Games?

LA Times  

News that McDonald’s has pulled out of its longtime Olympic sponsorship deal on Friday brings to mind another not-so-golden moment for the golden arches. Before the start of the 1984 Summer Games in Los Angeles, the fast-food chain announced a nationwide promotion that offered free Big Macs, French fries and Cokes every time a U.S. athlete reached the medals podium. …

McDonald's to win back customers with delivery and mobile ordering
8 years ago

McDonald's to win back customers with delivery and mobile ordering

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. McDonald’s has announced plans to roll out its own …

McDonald's plans Asian unit sales
8 years, 7 months ago

McDonald's plans Asian unit sales

China Daily  

A McDonald's employee in Beijing demonstrates how to order food on a big screen. McDonald's Corp is planning a sale of 20-year franchise rights in Malaysia and Singapore that could collectively fetch at least $400 million, people with knowledge of the matter said. McDonald's is seeking local franchise partners to run its restaurants in Malaysia and Singapore as it pursues …

McDonald's seeks strategic partners for expansion in China
8 years, 11 months ago

McDonald's seeks strategic partners for expansion in China

China Daily  

McDonald's organizes a birthday party for children in Beijing. Fast food chain plans to open further 1,000 restaurants by 2020 McDonald's China is on the lookout for strategic investment partners in the mainland to help it open another 1,000 restaurants by 2020. "We truly believe we can create strong and sustainable growth in the Chinese mainland, Hong Kong and South …

McDonald's looks for strategic partners as it eyes bigger bite
8 years, 11 months ago

McDonald's looks for strategic partners as it eyes bigger bite

China Daily  

A man walks next to a McDonald's restaurant at a shopping mall in Shanghai July 28, 2014. In an effort to tap the huge potential of fast-food market, McDonald's China said on Thursday that it plans to identify strategic partners to advance its growth plans in the country. Explaining why the company is seeking strategic investors, Phyllis Cheung, CEO of …

McDonald’s Next debuts in Hong Kong
9 years, 2 months ago

McDonald’s Next debuts in Hong Kong

CNN  

CNN — McDonald’s has always been about consistency, speed and budget pricing. In December, McDonald’s transformed one of its Hong Kong branches into the world’s first McDonald’s Next – an evolved version of the brand that strives to be “modern and progressive.” Quinoa, coffee and ambient lighting Gone are the red-and-yellow color palette and harsh lighting. McDonald’s did not respond …

McDonald's to shutter 220 stores in China and US
9 years, 11 months ago

McDonald's to shutter 220 stores in China and US

China Daily  

A man walks next to a McDonald's restaurant at a shopping mall in Shanghai July 28, 2014. The company said the move is in reaction to an 8.3 percent slump in first-quarter comparable sales in the Asia Pacific, the Middle East and Africa, which it blamed on the impact of what it called prolonged, broad-based consumer perception issues in Japan, …

McDonald's to shutter 220 stores in China and US
9 years, 11 months ago

McDonald's to shutter 220 stores in China and US

China Daily  

A man walks next to a McDonald's restaurant at a shopping mall in Shanghai July 28, 2014. The company said the move is in reaction to an 8.3 percent slump in first-quarter comparable sales in the Asia Pacific, the Middle East and Africa, which it blamed on the impact of what it called prolonged, broad-based consumer perception issues in Japan, …

McDonald's global sales decline persists
10 years ago

McDonald's global sales decline persists

China Daily  

Chinese fast-food-loving customers still have image problem with burger giant's products A man walks next to a McDonald's restaurant at a shopping mall in Shanghai July 28, 2014. McDonald's Corp's worldwide restaurant sales fell 1.7 percent in February, despite a slight boost in business from the Chinese Lunar New Year. The company's Asia Pacific, Middle East and African February sales …

McDonald's fishing for supplier
10 years, 7 months ago

McDonald's fishing for supplier

China Daily  

McDonald's fishing for supplier Updated: 2014-07-29 07:13 By WANG ZHUOQIONG Workers count money at a counter displaying a regret notice for customers at a McDonald's restaurant in Beijing on Monday. ANDY WONG/ASSOCIATED PRESS Shares of possible replacement in Thailand get a boost on news Amid a serious meat shortage following the recent food safety scandal involving supplier Shanghai Husi, international …

McDonald's takes chicken nuggets off menu in Hong Kong amid China food scare
10 years, 8 months ago

McDonald's takes chicken nuggets off menu in Hong Kong amid China food scare

Firstpost  

McDonald’s said in a statement late on Thursday it had imported certain products from Shanghai Husi between July last year to June this year, although no food items from the Shanghai supplier remained in stock. McDonald’s Corphas suspended sales of chicken nuggets and other items in Hong Kong after it said it had imported products from Shanghai Husi Food, the …

McDonald's marks milestone in continued expansion in China
10 years, 11 months ago

McDonald's marks milestone in continued expansion in China

China Daily  

McDonald's will open its 2,000th mainland restaurant by the end of April, amid high expectations about further expansion of the chain in the Chinese market. "Franchising first started in China in 2008 with three franchisees, and at the end of last year, McDonald's has 46 new franchisees with total franchised units representing 12 percent of its restaurant base. McDonald's that …

McDonald's hopes to wow mainland diners with rice
11 years, 9 months ago

McDonald's hopes to wow mainland diners with rice

China Daily  

With an eye on dinner tables in the Chinese mainland, McDonald's, the world's leading fast food operator, on Wednesday announced new rice products for the mainland market. Starting from June 10, the new products, including chicken and beef rice wraps, will be sold in all 1,700 McDonald's restaurants on the Chinese mainland. McDonald's sources the rice it uses on the …

McDonald's may raise prices in China
14 years, 1 month ago

McDonald's may raise prices in China

China Daily  

进入英语学习论坛下载音频 去听写专区一展身手 McDonald's Corp, the world's largest restaurant company, may raise prices at its China outlets in the second half of the year, said Tim Fenton, president for Asia, the Middle East and Africa. China's inflation in January may be 4.9 percent, "lower than the market consensus," according to Li Jun, a strategist at Central China Securities Co in Shanghai. …

McDonald's cuts China prices by 33%
16 years, 1 month ago

McDonald's cuts China prices by 33%

China Daily  

McDonald's cuts China prices by 33% Updated: 2009-02-05 13:12 BEIJING - Mcdonald's Corp, the world's largest fast-food chain, has cut some prices by as much as a third in China. In what the company calls "the best ever value meal combination" in China, McDonald's cut about 40 percent of prices, the company said. In China, one of the fastest growing …

Discover Related