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In on the Ground Floor? Evaluating an emerging franchisor’s potential
When most people think of a franchise, they tend to think of McDonald’s, Subway, Marriott, and other brands that have a long, established history. This history and established “brand equity” is a major factor in why becoming a franchisee can be a smart investment. However, brands must start somewhere. Many of today’s most successful…
McDonald’s to sell Russia restaurants to local operator
Article content McDonald’s Corp is selling its Russia business to its current licensee Alexander Govor and the restaurants would operate under a new brand, ending more than three decades of presence in the country following its invasion of Ukraine. The world’s largest burger chain owns about 84% of its nearly 850 restaurants in Russia and…
Your Future McDonald’s, Burger King Trips May Soon Cost More
Yes, your burger and fries at McDonald’s (MCD) or Burger King (YUM) will probably cost more in the future, under a recently approved bill to improve fast-food industry pay and working conditions in a major state. The measure faces substantial industry pushback, however, and is likely to be fought over in court battles for months…
How McDonald’s Makes Money: Franchising Fast Food
The story of McDonald’s (MCD) often begins with Ray Kroc, the native Chicago milkshake mixing machine salesperson who had the vision to see what the business model deployed by one of his clients, Speedee Service System, could become. Speedee Service System, launched in 1948, was the brainchild of two brothers, Richard James (Dick) and Maurice…
Amazon halts product shipments to Russia and cuts off Prime Video access
Amazon has become the latest Western company to halt operations in Russia over the invasion of Ukraine, suspending product shipments and cutting off access to Prime Video. Russia was not a major market for the online retail giant, making Wednesday’s announcement largely symbolic, but it adds to the flood of iconic US companies cutting ties,…
Cool Things About Visiting the World’s Fanciest McDonald’s + Photos
I ate at the world’s fanciest McDonald’s in Hong Kong and was impressed by the food and atmosphere. The restaurant had a build-your-own-salad bar and offered sleek, chic-looking menus to customers. The service reminded me of that of a quality restaurant and the elegant interior felt very fancy. Loading Something is loading. Hong Kong’s versions…