US fast-food giant McDonald’s said on Monday it will spend Rs 300 crore ($75 million) in India over the next three years towards expansion even as it opened its first express restaurant at the domestic airport here. “We plan to triple the number of outlets in India by the end of 2010 from 122 at […] ↓ Read the rest of this entry…
NEW DELHI: French retail major Carrefour is considering the multiple-partner option for entering India. A senior industry source in discussion for a possible partnership with the retailer said the company may not go for a single partner for front-end retail in India as its American counterpart Wal-Mart has done. On the contrary, the French giant […] ↓ Read the rest of this entry…
Jan. 21 (Bloomberg) — For someone who has pocketed $60 million this month for a stake in just one of his U.K. restaurant businesses, Alan Yau is remarkably modest and self-effacing. He is casually dressed for an interview in his Michelin- starred Yauatcha eatery and switches tables so as not to disturb guests. He orders […] ↓ Read the rest of this entry…
January 24, 2008 McDonald’s plans to spend US$2 billion in its 2008 financial year and most of the funds will be used to expand its overseas market. The company plans to open at least 125 new restaurants in China. It is reported in local media that in the 2008 financial year, McDonald’s will arrange US$2 […] ↓ Read the rest of this entry…
McDonald’s told local media during the 15th anniversary ceremony of McDonald’s Guangzhou that the company’s first in-store coffee shop in Guangdong will open as a McCafe. On January 7, 2008, McDonald’s announced that it would open coffee shops in the 14,000 McDonald’s restaurants in America. “McDonald’s in China will be consistent with other McDonald’s around […] ↓ Read the rest of this entry…
Bloomberg — McDonald’s Corp., the world’s largest restaurant company, plans to add 175 restaurants in China next year after opening its 1,000th outlet in the country today. The latest restaurant was opened in Dongguan in Guangdong province, the Oak Brook, Illinois-based company said in an e- mailed statement. The 2009 plan will create 10,000 restaurant […] ↓ Read the rest of this entry…
McDonalds Corp, in contrast with struggling competitors and the overall retail market, plans to expand greatly in 2009 in Europe, a senior executive said on Friday. Many restaurant and retail chains struggled in 2008, closing stores amidst the global economic downturn. On Monday, McDonald’s confirmed earlier press reports that it will spend about $1.1 billion […] ↓ Read the rest of this entry…
SHANGHAI, China — Down an alley from a KFC, McDonald’s and Pizza Hut here, Li Hong sat inside a dingy little storefront that serves full-course dinners for a dollar. Her tray was filled with cabbage, carrots, potatoes, a chicken leg and rice, plus soup. A Western fast-food meal would have cost three times that much, […] ↓ Read the rest of this entry…
FAST-FOOD retailer McDonald’s will step up expansions in India after recording a 20% year-on-year growth early this year. The retailer plans to open 40 new restaurants by 2009-end, said Amit Jatia, JV partner & MD (west & south region).
TAIPEI, Taiwan – Domestic convenience chain stores and fast food restaurants are joining a price-cutting war, triggered by fast food chains McDonald’s and Kentucky Fried Chicken, in March by slashing prices of their meal boxes, making office workers able to enjoy increasingly cheaper lunch meals. Family Mart convenience stores, for instance, will launch three new […] ↓ Read the rest of this entry…
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