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McDonald’s to refranchise 1,500 restaurants

May 29, 2014

McDonald's has a plan to boost its slipping profits: refranchising.

The burger chain announced Wednesday plans to sell at least 1,500 company-owned restaurants to franchisees by the end of 2016. The restaurants affected will be primarily outside the United States, in the Asia/Pacific region, the Middle East, Africa and Europe.

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