McDonald’s Corp (MCD.N) has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd (0267.HK) and Carlyle Group LP (CG.O) for up to […]…
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Ogilvy’s Colin Mitchell moves to McDonald’s as global brand VP
Colin Mitchell has joined McDonald’s new position as global vice president of brand after spending the past 16 years at Ogilvy & Mather.…
McDonald’s gets first bids for 2,300 outlets in China and Hong Kong
McDonald’s has received more than half a dozen bids for its China and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower and ChemChina.…
McDonald’s targets buyout firms as it seeks to sell North Asia stores: sources
McDonald’s is targeting private equity firms, including Bain Capital, MBK Partners, TPG Capital Management and Chinese state-backed conglomerate China Resources (Holdings), for its planned sale …
McDonald’s eyes greater restaurant expansion in Asia
McDonald’s has set its sights on Asia, with the hope of adding more than 1,500 new restaurants in China, Hong Kong and South Korea within the next five years, the popular fast food chain announc…
McDonald’s to offer beer & burgers in South Korea
McBeer is coming to South Korea, the Ireland of Asia.
Pulse by Maeil Business News Korea reported that McDonald’s will begin serving beer in South Korea. The news site said it’s McDonald&#…
McDonald’s recovers quicker than Yum in China
Yum Brands Inc, the home of KFC and Pizza Hut, is falling behind rival McDonald’s Corp as the pair battle to revive flagging sales in China – a headache for Yum as it looks to spin off ope…
McDonald’s to launch 150 customized burger stores in China in 2016
McDonald’s Corp plans to launch in China this year 150 outlets where clients can customize burgers to suit their tastes, as the world’s top restaurant chain aims to grow sales in the count…
McDonald’s looks at selling stake in Japan unit
McDonald’s Corp. is studying selling a stake in its loss-making Japan unit to a "strategic investor", as the world’s largest fast-food chain reviews its global ownership strategi…
McDonald’s to open 250 new stores in China this year
McDonald’s China says it eyes to open 250 new stores in the country this year and it will focus its expansion in lower tier cities and consumers’ digital experience as the fast food chain …