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SHANGHAI (Reuters) -The decision by McDonald's to take greater control of its China business and expand aggressively in the face of a consumer slowdown and geopolitical tensions seems risky - but ...
Three senators are asking McDonald’s about its menu price hikes ... out that “at the same time that McDonald’s was raising prices, McDonald’s has paid out almost $4 billion in stock ...
McDonald's Corp. (MCD) raised the prices of some of the items on its menu in Chinese stores because of higher costs. The increase "is because of higher raw material prices and we've adjusted our ...
On 1 November 2009, all three of the McDonald's in Iceland closed, primarily due to the chain's high cost of importing most of the chain's meat and vegetables, by McDonald's demands and standards, from the Eurozone. At the time, a Big Mac in Iceland cost 650 krona ($5.29), and the 20% price increase that would have been needed to stay in ...
Corporate America may be bumping up against the limit of its power to keep raising prices as consumers in some markets cry uncle. $3 for a single McDonald’s hash brown? Customers are fed up and ...
Prices at McDonald's are still expected to increase—albeit at a slower pace of 2% to 3%, versus last year’s 10%— restaurant analyst Mark Kalinowski told the New York Post. Fortune has ...
A McDonald's Chinese New Year meal. American fast food outlets have been blamed for the increase in obesity in China. [1] Obesity in China is a major health concern according to the WHO, with overall rates of obesity between 5% and 6% for the country, [2] but greater than 20% in some cities where fast food is popular. [3]
In August 2018, Luckin signed a distribution deal with e-commerce group Alibaba to increase their online retail presence in China. [11] The 2018 trade war between the U.S. and China, with the two companies serving as their respective proxies, also led to a resurgence of Luckin Coffee in China.