International News China’s CITIC approves sale of remaining McDonald’s stake Nada Ali Oct 21, 2024 0 China's state-owned CITIC Ltd. approved the exit of its investment in McDonald's operations China and Hong Kong.
Featured McDonald’s posts first sales decline in 13 quarters Nada Ali Jul 29, 2024 0 McDonald's reported a surprising one per cent decline in global comparable sales for the second quarter, marking…
International News US Carlyle takes KFC Japan in $835m buyout Nada Ali May 20, 2024 0 US private equity giant Carlyle Group plans to acquire KFC Holdings Japan for 130 billion yen ($835 million).
Tech/AI McDonald’s Q4 sales growth slows as Mideast boycotts bite Yomna Yasser Feb 5, 2024 0 McDonald’s Corp.’s sales for the fourth quarter of 2023 have missed investor expectations as growth decelerated,…
Featured McDonald’s Egypt sales drop by 70% amid boycotts Sama Mousa Nov 24, 2023 0 McDonald’s Egypt sales dropped by 70 percent amid the ongoing boycott over the company’s support to Israel, a…
Featured Western brands struggling in some Arab countries amid boycotts Aya Anwar Nov 23, 2023 0 Branches of Western fast food chains in Cairo, Egypt are seen deserted due to a large boycott campaign over…
Featured Starbucks, McDonald’s, Disney stocks still down amid boycotts Sama Mousa Oct 30, 2023 0 Starbucks, McDonalds, and Walt Disney Co. stocks are still down after boycotts that have been lasting for more than…
Tech/AI Starbucks, Disney, McDonald’s stocks drop amid boycotts Sama Mousa Oct 23, 2023 0 Starbucks, Walt Disney Co., and McDonald's stocks dropped for three days in a row due the ongoing boycotts in the…
Industry & Trade McDonald’s dropped tomatoes from Indian menus amid supply shortages Nada Ali Jul 19, 2023 0 The fast-food chain McDonald's recently made news that they have drop tomatoes from its menu in most of its outlets…
Industry & Trade McDonald’s to stop selling McCafé Bakery items this month Nada Ali Jul 16, 2023 0 The biggest fast-food chain Macdonald’s confirmed on Wednesday that it is ending the McCafé Bakery by phasing out…