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McDonald’s Malaysia has announced its ambitious plans to invest RM1 billion (US$255 million) in the expansion and modernization of its operations over the coming years. This investment will encompass the opening of new stores, refurbishment of established…
McDonald’s Vietnam is reigniting its goal of expanding its presence in the country to 100 outlets within three years. This ambitious plan comes after the fast-food giant fell well short of its target, with only 35 locations in 2024 and 39 this current year.…
Calvin McDonald, the current CEO of Lululemon Athletica, is scheduled to resign from his position on January 31. He plans to continue serving as a senior advisor until March 31. The company, known for its athletic leisure-wear, has launched a comprehensive…
McDonald’s, the renowned fast-food chain, has announced its intention to significantly increase its investment in artificial intelligence (AI) by 2027, foreseeing India as a principal center for data governance, engineering, and platform architecture. The…
Fast-food giant McDonald’s has announced plans to sell eight top-tier retail properties in Hong Kong, collectively estimated to be worth HK$1.2 billion (US$152.89 million). Jones Lang LaSalle (JLL), appointed as the exclusive agent for the sale, reported the…
CITIC has plans to sell a 22 percent stake in McDonald’s Chinese mainland and Hong Kong business to its parent group’s private equity arm. The main listed arm of the Chinese state-owned CITIC Group, CITIC Ltd., will aim to raise at least 2.17 billion yuan,…
McDonald’s has renewed its 20-year master franchise agreement in the Philippines, extending its partnership with Golden Arches Development Corporation (GADC) until 2045. Under the new agreement, the company retains exclusive rights to own, develop, operate…
Singapore McDonald’s has faced online criticism after announcing a new charge for extra sauce tubs, set to take effect on Jan. 2, 2025. Customers will be charged up to 70 S$cents (US$0.52) for additional sauces beyond the standard portion for certain menu…
American fast food chain McDonald’s is set to close one of its oldest stores in Ho Chi Minh City. The Ben Thanh location in District 1, which opened in 2014, would stop operations at 2 a.m. Thursday, the chain said in a Facebook post without revealing the…
McDonald’s Japan has selected Thomas Ko as its next president, following the departure of former chairperson Sarah Casanova. Ko has previously held leadership positions in the company. He joined McDonald’s in 2010 as director of consumer strategy for the…
McDonald’s Malaysia has filed a lawsuit seeking US$1.31 million in damages from a movement promoting boycotts against Israel for “false and defamatory statements.” Gerbang Alaf Restaurants Sdn Bhd (GAR), which is the licensee of McDonald’s in Malaysia, is…
Fast food chain McDonald’s Corporation has agreed to acquire Carlyle’s 28 percent stake in the consortium that operates the McDonald’s business in Mainland China, Hong Kong and Macau. Through its equity affiliate Citic Capital, the Citic Consortium will…
McDonald’s Korea has introduced voice-guided self-service kiosks at some of its Seoul locations, making it the first fast-food chain in South Korea to do so. They did this to make it easier for visually impaired customers to order. These special kiosks,…
McDonald’s Korea has introduced voice-guided self-service kiosks at some of its Seoul locations, making it the first fast-food chain in South Korea to do so. They did this to make it easier for visually impaired customers to order. These special kiosks,…
McDonald’s Korea was given a fine of 696 million won ($532,110) on Wednesday after the personal data of 4.87 million customers was leaked to hackers due to the firm’s lax data management. The Personal Information Protection Commission handed out the fine to…
McDonald’s Australia has confirmed that it is rolling out its own home delivery service to customers across Australia. Starting today, Macca’s fans in participating New South Wales restaurants can have their favorite foods sent directly to their homes when…
