Stock Market News

McDonald’s to Make Changes to Ownership Rules – WSJ

2022.06.24 17:30

McDonald's to Make Changes to Ownership Rules - WSJ
McDonald’s (MCD) to Make Changes to Ownership Rules – WSJ

By Sam Boughedda

McDonald’s (NYSE:MCD) is set to make significant changes to its franchising system in a bid to reinvigorate its franchisee owners, The Wall Street Journal reported Friday.

Citing an email to franchisees that The Wall Street Journal viewed, the report states that McDonald’s executives have told franchisees that they will be required to undergo a more rigorous review every 20 years to keep their restaurants.

The review will see the company look at metrics such as performance history when owners apply to keep their locations. In addition, the company will also look at customer complaints to decide which franchisees can add new locations.

Furthermore, the fast-food chain will also require some next-generation heirs to pay more in order to keep operating their locations while also designating a single family member as the operator.

Currently, McDonald’s franchisees are able to designate many heirs to take over their McDonald’s locations.

In the email, it is said that McDonald’s told franchisees that the “change is in keeping with the principle that receiving a new franchise term is earned, not given.”

Reportedly franchisees make up 95% of McDonald’s in the U.S.

McDonald’s shares have climbed 1.5% so far Friday.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 98,358.35 0.17%
ethereum
Ethereum (ETH) $ 3,419.44 0.99%
tether
Tether (USDT) $ 1.00 0.06%
solana
Solana (SOL) $ 255.81 1.25%
bnb
BNB (BNB) $ 682.91 1.46%
xrp
XRP (XRP) $ 1.45 6.95%
dogecoin
Dogecoin (DOGE) $ 0.434184 5.08%
usd-coin
USDC (USDC) $ 0.999712 0.03%
cardano
Cardano (ADA) $ 1.07 2.96%
staked-ether
Lido Staked Ether (STETH) $ 3,415.93 1.05%
tron
TRON (TRX) $ 0.216841 3.28%
stellar
Stellar (XLM) $ 0.57976 32.58%
avalanche-2
Avalanche (AVAX) $ 42.01 1.78%
the-open-network
Toncoin (TON) $ 6.39 13.27%
shiba-inu
Shiba Inu (SHIB) $ 0.000027 0.01%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,051.00 1.37%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,899.23 0.43%
polkadot
Polkadot (DOT) $ 9.06 17.81%
chainlink
Chainlink (LINK) $ 17.68 3.45%
bitcoin-cash
Bitcoin Cash (BCH) $ 511.38 3.65%
weth
WETH (WETH) $ 3,418.85 0.45%
sui
Sui (SUI) $ 3.45 4.37%
pepe
Pepe (PEPE) $ 0.000021 4.18%
near
NEAR Protocol (NEAR) $ 6.61 4.33%
leo-token
LEO Token (LEO) $ 8.68 1.08%
litecoin
Litecoin (LTC) $ 101.19 0.53%
aptos
Aptos (APT) $ 12.86 0.67%
uniswap
Uniswap (UNI) $ 11.16 5.13%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,602.79 1.15%
hedera-hashgraph
Hedera (HBAR) $ 0.15123 1.36%
internet-computer
Internet Computer (ICP) $ 11.62 3.73%
crypto-com-chain
Cronos (CRO) $ 0.196582 2.97%
usds
USDS (USDS) $ 1.00 0.11%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.577148 5.68%
ethereum-classic
Ethereum Classic (ETC) $ 29.90 0.22%
render-token
Render (RENDER) $ 8.08 1.44%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.56 15.47%
bittensor
Bittensor (TAO) $ 538.05 1.33%
kaspa
Kaspa (KAS) $ 0.15409 4.54%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.02%
arbitrum
Arbitrum (ARB) $ 0.880108 4.13%
vechain
VeChain (VET) $ 0.043829 3.83%
whitebit
WhiteBIT Coin (WBT) $ 24.74 0.62%
cosmos
Cosmos Hub (ATOM) $ 9.09 14.45%
bonk
Bonk (BONK) $ 0.000047 6.28%
filecoin
Filecoin (FIL) $ 5.82 13.71%
dai
Dai (DAI) $ 0.999818 0.04%
mantra-dao
MANTRA (OM) $ 3.80 0.24%
okb
OKB (OKB) $ 55.96 9.67%
dogwifcoin
dogwifhat (WIF) $ 3.26 3.66%