SUBSCRIBERS
McDonald's eyes US$400m for S'pore, Malaysia franchises
Published Tue, Jul 26, 2016 · 09:50 PM
Hong Kong
McDonald's Corp is planning a sale of 20-year franchise rights in Singapore and Malaysia that could collectively fetch at least US$400 million, people with knowledge of the matter said.
Suitors for the fast-food operations in the two South-east Asian markets have begun sounding out banks for financing, said the sources, who asked not to be identified because the information is private.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Australia’s retail sales volumes fall 0.4% in Q1
Possible class action lawsuit against Cordlife by customers could take at least 2 years
Chinese tariffs could leave cognac makers with too much brandy
Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong
WSJ moves Asia headquarters from Hong Kong to Singapore
South Korea to slap fines on food suppliers for ‘shrinkflation’