McDondald's commits to more franchising
McDonald's CEO Jim Skinner has announced the corporations plans "to make a bigger commitment to franchising" by dropping its network ownership to under 30 per cent in the UK, Canada and other major markets.
"At the same time, we believe it is critical to own and operate a certain number of restaurants," says Skinner. "We call it 'skin in the game'. We are in the restaurant business. We are obligated to run credible restaurants."
The corporation currently owns 9,405 of more than 32,000 McDonald's restaurants around the world.
"At the same time, we believe it is critical to own and operate a certain number of restaurants," says Skinner. "We call it 'skin in the game'. We are in the restaurant business. We are obligated to run credible restaurants."
The corporation currently owns 9,405 of more than 32,000 McDonald's restaurants around the world.
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- Previous McDonald's Restaurants article (Jan 2008)
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This article appeared on page 34 of the Q4 2006 edition of Franchise International
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- Previous Article (Jan 2008)
This is an International Franchise News article, have you read the following articles in this category?
- California Pizza Kitchen: US casual restaurant chain signs Dubai franchise deal
- The Linguaphone Group: Pingu’s English sells its first Master Franchise
- Papa John's Pizza: Papa John agrees multiple franchise deals for Canada
- Gold's Gym: US international gym franchise continues expansion
- Choice Hotels International: US hotel company celebrates 2007 success
- Cartridge World: Cartridge World set to continue Asia expansion
- Pet Butler: Pet Butler celebrates opening of 100th franchise
- Burger King: Fast food giant opens outlets in Beijing and Shanghai
- McDonald's Restaurants: McDonalds aims to franchise in Kosovo
- Domino's Pizza Group: Domino’s Pizza set to expand franchise
- All International Franchise News Articles (134)
- California Pizza Kitchen: US casual restaurant chain signs Dubai franchise deal
- The Linguaphone Group: Pingu’s English sells its first Master Franchise
- Papa John's Pizza: Papa John agrees multiple franchise deals for Canada
- Gold's Gym: US international gym franchise continues expansion
- Choice Hotels International: US hotel company celebrates 2007 success
- Cartridge World: Cartridge World set to continue Asia expansion
- Pet Butler: Pet Butler celebrates opening of 100th franchise
- Burger King: Fast food giant opens outlets in Beijing and Shanghai
- McDonald's Restaurants: McDonalds aims to franchise in Kosovo
- Domino's Pizza Group: Domino’s Pizza set to expand franchise
- All International Franchise News Articles (134)
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