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In terms of market presence, Arcos Dorados represented approximately 6.7% of McDonald's franchised restaurants globally as of its last reporting period. A new 20-year master franchise agreement with McDonald's is set to take effect on January 1, 2025.
George T. Yang is a Filipino businessman, investor, singer, and former diplomat who owns the master franchise of McDonald's in the Philippines through Golden Arches Development Corporation (GADC). He is the founder of McDonald's Philippines through the company GADC and opened the first branch in Morayta (now Nicanor Reyes Street) in 1981, then ...
McDonald's is the world's second-largest private employer with 1.7 million employees (behind Walmart with 2.3 million employees), the majority of whom work in the restaurant's franchises. [20] [21] McDonald's has been subject to criticism over the health effects of its products and its participation in various legal cases.
McDonald's Next in Admiralty Centre, Hong Kong in 2015. 2010: Subway surpasses McDonald's as the largest single-brand restaurant chain and the largest restaurant operator globally. [87] 2011: McDonald's makes a deal with the Marine Stewardship Council to certify the fish used for the Filet-O-Fish sold in Europe. [88]
By 1976, Cohon presided over 200 McDonald's locations. [6] In 1982, Cohon and 20 corporate sponsors helped save the Toronto Santa Claus Parade, which was sponsored by Eaton's department stores from 1905 to 1981. [7] He grew his McDonald's franchise by himself until 1971, when McDonald's bought him out with stock. [8]
Kroc also focused on aggressive expansion, opening new restaurants across the United States and eventually in other countries as well. He became the owner of McDonald's Corporation in 1961 and was credited as its founder. [5] After retiring from McDonald's, he owned the San Diego Padres of Major League Baseball (MLB) from 1974 until his death ...
Al Bernardin (February 17, 1928 – December 22, 2009) was an American restaurateur and businessman who invented the McDonald's Quarter Pounder in 1971 as a franchise owner in Fremont, California. [1]
Apr. 15—For the DiMichele family, buying the two Logansport McDonald's franchises — along with 10 others in Indiana — is a return home. The father, Dean DiMichele got his start in McDonald's ...
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