McDonald's deal gives 'more flexibility'
Carlyle and state-backed Citic's majority stake in its China and HK markets allow for more tasteful innovations
Singapore
CHANGE is coming to McDonald's in China and Hong Kong after The Carlyle Group, together with Chinese state-backed conglomerate Citic, bought a majority stake in the fast food giant's operations in the two markets.
In one of his first public comments on the deal, Carlyle co-founder and co-CEO David Rubenstein said that the two partners might implement different ways of sou…
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