The McDonald’s is expanding in China
McDonalds plans to increase the number of its businesses from 2,500 to 4,500 in the next five years, and plans to double-digit revenue growth in China – portfolio.hu wrote.
The US-based fast food network also announced on Tuesday that it wants to expand mainly in smaller cities.
The deal was closed in the days whereby McDonald’s sold 80 percent of its Chinese companies to China’s Citic Investment Group and the US Carlyle Group. This reduces direct revenue, but reduces costs, but increases license revenue. McDonald’s has 37,000 restaurants around the world, including 14,000 in the United States. (portfolio.hu)
Related news
Food prices in China have been falling for twelve months
In June, the annual inflation in China moderated to a…
Read more >McDonald’s opened an intelligent industrial park
McDonald’s has taken a major step towards deepening its presence…
Read more >MTÜ: Chinese inbound tourism is picking up
Chinese inbound tourism in Hungary and Europe is becoming more…
Read more >Related news
Auchan has appointed a new product director
From July 1, László Varga will perform the duties of…
Read more >Millions can make decisions about millions with just one move at Tesco
Millions of people once again have millions of forints and…
Read more >Healthy summer nutrition tips with Eisberg
With the arrival of the really hot summer and the…
Read more >