Tag: Citic

#McDonalds agrees #China franchise sale

#McDonalds agrees #China franchise sale

McDonald’s has agreed to sell 80% of its business in China and Hong Kong, as part of plans to franchise more of its restaurants worldwide. China’s state-owned investment group Citic, and US private equity firm Carlyle Group, will take control of the operations in a deal valued at $2.1bn (£1.7bn). McDonald’s owns and operates about […]

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