Feb. 8 at 1:01 p.m.
Filed under:
Earnings,
Food,
Restaurants,
Updated
By Reuters
McDonald’s reported a stronger-than-expected sales rebound in January in Europe, its biggest market for revenue, sending its shares up nearly 3 percent in midday trading.
Sales at restaurants in Europe open at least 13 months jumped 7 percent last month, well above the 3.7 percent analysts had expected.
This was also a significant improvement from December, when sales in Europe fell 0.5 percent, rattling investors who worry that austerity measures will cut into spending in the region. Get the full story »
Dec. 8, 2010 at 10:54 a.m.
Filed under:
China,
Food,
International
By Reuters
Yum Brands said China would surpass the United States as the fast-food restaurant operator’s top profit generator this year, and the Chinese market’s potential is still largely untapped.
Yum has more than 3,700 restaurants in China, mostly KFC outlets, and has a big lead over Western rivals like McDonald’s in the world’s fastest-growing major economy. Get the full story »
Nov. 17, 2010 at 11:50 a.m.
Filed under:
China,
Food,
International,
Restaurants
By Reuters
A woman walks out of a McDonald's outlet in Beijing Nov. 17, 2010. (Christina Hu/Reuters)
McDonald’s has raised menu prices in mainland China by 0.5 yuan to 1 yuan per item with immediate effect because of rising materials costs as the country grapples with accelerating food inflation.
McDonald’s, which has more than 1,000 outlets in China, was raising prices for the first time this year, while Yum! Brands, parent of KFC and Pizza Hut chains, had so far kept prices unchanged, the official Xinhua News Agency said.
“Because some materials prices have increased, we have adjusted menu prices accordingly,” a McDonald’s (China) Co. Ltd spokeswoman said. Get the full story »
Nov. 9, 2010 at 5:53 p.m.
Filed under:
Food,
Health care,
Restaurants
By Associated Press
San Francisco has become the first major American city to prohibit fast-food restaurants from including toys with children’s meals that do not meet nutritional guidelines.
The city’s Board of Supervisors voted 8-3 in favor of the measure Tuesday after giving it preliminary approval last week. That’s enough votes to survive a likely veto by Mayor Gavin Newsom.
Nov. 2, 2010 at 5:32 p.m.
Filed under:
Food,
Policy,
Politics
By Tribune newspapers
San Francisco’s board of supervisors has voted, by a veto-proof margin, to ban most of McDonald’s Happy Meals as they are now served in the restaurants.
The measure will make San Francisco the first major city in the country to forbid restaurants from offering a free toy with meals that contain more than set levels of calories, sugar and fat. Get the full story »
Oct. 7, 2010 at 11:12 a.m.
Filed under:
Food,
Franchises,
Restaurants
By Emily Bryson York
(Image courtesy penn-station.com.)
Penn Station East Coast Subs, a cheesesteak-and-fries chain based in Milford, Ohio, has opened its first Chicago area location in Lombard.
The chain expects to have 20 Chicago area locations by 2015.
The first franchise partner is Gordon Hahn, previously of Chicago Bread LLC, a franchise group that operates 31 Chicago-area Panera restaurants. Hahn and his son Kevin are partners at the Lombard locations, and expect to open four more around Chicago. Get the full story »
Sep. 9, 2010 at 11:47 a.m.
Filed under:
Food,
Franchises,
Personnel moves,
Restaurants
By Associated Press
Burger King’s soon-to-be new owners have named a former Latin American railroad executive to be CEO of the fast-food chain after the $3.26 billion deal goes through.
The appointment of Bernardo Hees by 3G Capital is a signal that the investment firm is serious about expanding the Burger King brand further into Latin America and elsewhere abroad. Get the full story »
