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