McDonald’s Australia names Antoni Martinez new local chief executive

“I am proud to be handing the reins of this great company to Antoni at a time of strong, sustained performance.“ “As I step up and into a global position, I have every confidence that he is the best leader to return home and drive the plans for our continued growth, innovation and success.” McDonald’s…

McDonald’s and the Failed Promise of Black Capitalism

Review of Franchise: The Golden Arches in Black America by Marcia Chatelain (Livewright, 2020) As Darnella Frazier’s video of George Floyd’s murder by Minneapolis police officer Derek Chauvin circulated, hundreds of thousands of protesters demanding an end to racist state violence flooded the streets in cities all across the US. They were met with violent, retaliatory…

Black McDonald’s franchisees say their profitability gap is worse than it appears

Photo courtesy of McDonald’s A pair of current McDonald’s franchisees are accusing the company of a “predatory” growth strategy by steering Black operators into low-income, high-cost neighborhoods and concealing how much debt is required to run them. James and Darrell Byrd, two brothers who operate a combined six stores in Tennessee, say the company deliberately…

The underdog challenging McDonald’s and Wall Street

Since 2015, the Los Angeles-based startup, Everytable, has been innovating fast-food dining by offering healthy grab-and-go meals at competitive prices. But what’s potentially revolutionary about Everytable isn’t the prepackaged salads and wraps. It’s how the company is working to help its employees accumulate wealth. Everytable aims to do that by reimagining one of the most common…

EXCLUSIVE McDonald’s faces Italian antitrust probe into franchise terms – document

BRUSSELS, Aug 9 (Reuters) – Italy’s antitrust authority AGCM will investigate McDonald’s (MCD.N) terms and conditions in its agreements with franchise operators following several complaints, according to an AGCM document seen by Reuters. The AGCM move could put the U.S. fast-food chain at risk of a fine of as much as 10% of its global…

Viral Video of Car Sending Bodies Flying as it Crashes Taco Bell

An argument outside of a Taco Bell between customers and employees escalated to become a potentially deadly situation when a customer drove their vehicle through the front of the restaurant. While the Maryland incident reportedly occurred in March of 2021, video of the encounter between customers and employees has recently gone viral. Video shows that bodies…

How much does a McDonald’s franchise cost?

THINKING of opening a McDonald’s franchise but not sure how much it’ll cost? Read on to discover the financial ins and outs. There are 38,000 McDonald’s restaurants in 100 countries with the vast majority being franchise operations. 2 Investors can apply though the McDonald’s website and must have £100,000 in unencumbered cash readyCredit: AsiaWire Buying…

McDonald’s McPlant Burger Underwhelms in Test Stores, Report Says

McDonald’s mid-scale test of its Beyond Meat McPlant Burger is off to a sluggish start, according to a recent report. Earlier this year, the burger giant announced it would expand the pilot to roughly 600 stores in California and Texas, including 350 in the Dallas-Fort Worth market and 260 in the Bay Area. Peter Saleh,…