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USA: McDonald’s close to new franchise rights deal in Asia

USA: McDonald’s close to new franchise rights deal in Asia

octubre 6, 2016

👤Periodista: María Alejandra Lopez 🕔06.Oct 2016

 

McDonald’s (NYSE:MCD) is close to striking a deal to sell franchise rights for restaurants in Singapore and Malaysia to Reza, reports Reuters.

Also Read: Chipotle is adding a new item to restaurants nationwide 

Sources indicate that the 20-year agreement could bring in as much as $400M.McDonald’s operates about 120 restaurants in Singapore and 260 in Malaysia.

Also ReadBass Pro Shops is buying Cabela’s for $5.5 billion 

The development falls in line with the company’s strategy to shift to a less capital-intensive franchise model on a broad global scale.

Source: Seeking Alpha

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