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McDonald's

Financing

Franchisee unrest grows as McDonald’s changes its rules

 By Jonathan Maze on Jun. 28, 2022

A group representing Black franchisees voted “no confidence” in CEO Chris Kempczinski. Other groups could take similar steps amid anger over new renewal standards. “An absolute declaration of war on owners," one operator said.

Financing

McDonald’s shuffles its executive team

 By Jonathan Maze on Jun. 27, 2022

Ian Borden was named CFO as Kevin Ozan is promoted to oversee strategy before he retires next year. Marion Gross was named chief supply chain officer.

Financing

McDonald’s is toughening its franchise ownership standards

By Jonathan Maze on Jun. 23, 2022

The burger giant has “fine-tuned” rules for renewing franchise agreements as it works to bring new operators into the system. Operators say the changes are an "overreach."

Food

McDonald’s plant-based burger may not be ready for prime time in the U.S.

By Jonathan Maze on Jun. 16, 2022

A BTIG analyst says the McPlant burger has been underwhelming in tests and speculates that it is unlikely to make its national debut this year.

Financing

McDonald’s says it will conduct a civil rights 'assessment'

By Jonathan Maze on Jun. 02, 2022

The company said it has engaged a third party to conduct the assessment, appearing to stop short of the audit shareholders narrowly voted to approve last month.

Financing

McDonald's wins its proxy battle with Carl Icahn in a blowout

By Jonathan Maze on May 26, 2022

All 12 of the company’s nominees won re-election to the board. The investor’s two nominees received about 1% of the vote. Shareholders reportedly approved a measure requesting a civil rights audit.

Leadership

A McDonald’s vet could give restaurant franchisees a voice in Congress

By Peter Romeo on May 25, 2022

Working Lunch: Chuck Edwards beat the incumbent representative of his district in last week's Republican primary, putting him in good stead to be elected in November's general election.

Financing

McDonald’s has a deal to sell its Russia restaurants to a licensee

By Jonathan Maze on May 19, 2022

Alexander Govor will acquire the company’s entire portfolio, McDonald's said. He has been an operator with the chain in Siberia since 2015.

Financing

McDonald’s Russia closure is a rare international setback

By Jonathan Maze on May 17, 2022

The Bottom Line: The burger giant has flourished in international markets even as its U.S. growth slowed. But its $1.4 billion decision to pull out of the market demonstrates the risk of global expansion.

Financing

A lot of McDonald’s franchisees left the system last year

By Jonathan Maze on May 16, 2022

A record 1,700 restaurants changed hands last year and more than a quarter of franchisee units have either closed or been sold since 2019.

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