The Japanese unit of McDonald's Corp (MCD.N) forecast deeper losses this year and said it would renovate 2,000 stores while closing underperforming outlets, as it struggles to bring back customers after a series of food safety scandals.
Tags: Mcdonald's
McDonald's hit with labor and tax malpractice allegations during Brazil hearing
Fast-food giant, McDonald's was recently hit with allegations suggesting that the company has been avoiding making tax payments and abusing their employees during a hearing held in Brazil.
McDonald's pulls off another trick: Table service in U.S. and U.K. outlets
McDonald's is reinventing its dining service in one of its restaurants in England and other areas of America. They're providing tablets and kiosk for taking orders, and the meal will be served to customers' table.
New Yorkers thumbs up to $15 per hour wage increase
New Yorkers see no problem in paying more for fast food items just so fast food workers can earn more. Last month, the New York State's wage board approved the much controversial $15 per hour minimum wage for fast food workers and such wage increase would mean an increase of 4.3% in fast food prices.
McDonald's suffers drop in sales
McDonald's suffers drop in sales after losing business to other food chains. Its rebound plan fails to deliver the desired results, focusing more on popular regional menu items.
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Two leading Russian film directors are seeking state support to set up a domestic chain of cafes to compete with Western fast food restaurants such as McDonald's, a newspaper said on Thursday.
McDonald's Corp (MCD.N) plans to raise the average pay of about 90,000 U.S. workers to around $10 an hour, but the increase will not benefit workers at the vast majority of the restaurants, because they are operated by franchisees, who make their own wage decisions.
KFC, the world's largest chain of fried chicken restaurants, may face pressure from consumer and environmental groups to change how its poultry are raised after McDonald's Corp (MCD.N) said it would switch to chicken raised without human antibiotics.
Tyson Foods Inc has removed gentamicin, a key antibiotic for human use, from company hatcheries, the company told Reuters on Tuesday.
McDonald's Corp's decision last week to phase out human antibiotics from its U.S. chicken supply will add to costs of production in a tight-margin business that are likely to be borne mostly by poultry companies.
McDonald's Corp has continued their best service in giving customers the most delicious, savory menu. However, recently, they need to cut off the sodium and the calorie content in their menu to keep customers as they are struggling with their rivals serving people healthier and fresh food.
Will Chipotle replace Mc Donald's fame in the food industry? What is happening between Mc Donald's and Chipotle?
McDonald's Corp. (MCD.N) will open fewer new restaurants in Russia this year than last because a fall in the rouble has increased expansion costs and is hurting consumers, its Russian chief executive Khamzat Khasbulatov told Reuters.
McDonald's Corp (MCD.N) said Chief Executive Don Thompson would retire at the end of February and be succeeded by Steve Easterbrook, the company's chief brand officer.
