Aug 19, 2017 Last Updated 2:22 PM, Aug 18, 2017


JFile: :read: Unable to open file:

Mcdonald's Agrees China Franchise Sale

Mcdonald's Agrees China Franchise Sale Image sourced at
Published in Business News
Read 2340 times
Rate this item
(0 votes)

McDonald's has agreed to sell 80% of its business in China and Hong Kong, as part of plans to franchise more of its restaurants worldwide.

China's state-owned investment group Citic, and US private equity firm Carlyle Group, will take control of the operations in a deal valued at $2.1bn (£1.7bn).

McDonald's owns and operates about 65% of its 2,000 China outlets.

Franchising allows it to take a slice of sales while cutting operating costs.

McDonald's is trying to streamline its global operations, and changing its ownership structure to revolve more around franchises is a major part of that revamp.

In March last year, the firm said it was seeking partners to help it add more than 1,500 restaurants in China, Hong Kong and Korea over the next five years.

Under the agreement signed Monday, the US fast food giant will keep a 20% stake in its China business. Citic will hold a 52% share in the partnership while Caryle takes 28% of the new business.

Competitor Yum Brands, the owner of KFC and Pizza Hut, is also restructuring its China business.


Both McDonald's and Yum Brands have been facing increasing competition from cheaper local rivals, particularly in China, where they are trying to recover from food safety scares.


  • Comment Link Georgerip Georgerip Saturday, 19 August 2017 13:00

    buy levitra canada
    buy levitra online
    cheap levitra uk
    levitra online
    buy levitra with no prescription

  • Comment Link Robertsnulp Robertsnulp Friday, 18 August 2017 17:07

    brand levitra for sale
    levitra price
    order levitra uk
    buy levitra
    buy genuine levitra

  • Comment Link PeterTielo PeterTielo Friday, 18 August 2017 02:32

    cuanto sale el viagra en argentina
    generic viagra online
    how safe is it to buy viagra online
    generic viagra
    where to get viagra for women

  • Comment Link Zaida Cappucci Zaida Cappucci Thursday, 17 August 2017 12:07

    Judging by the way you write, you seem like a professional writer.,–.-

  • Comment Link Florinda Beckor Florinda Beckor Thursday, 17 August 2017 09:55

    There are actually a variety of particulars like that to take into consideration. That could be a nice level to convey up. I provide the ideas above as normal inspiration but clearly there are questions just like the one you deliver up where a very powerful thing shall be working in sincere good faith. I don?t know if best practices have emerged around issues like that, however I am positive that your job is clearly recognized as a good game. Both girls and boys really feel the impact of only a second’s pleasure, for the remainder of their lives.

Leave a comment

Make sure you enter the (*) required information where indicated.Basic HTML code is allowed.

Capital Tweets

Any data to display

Find Us on Facebook