McDonald's pays 1.2B Euros in French tax evasion settlement
McDonald's will pay a $1.3 billion settlement to the French government to avoid court proceedings regarding tax evasion charges, the company announced Thursday.
Russia's McDonald's successor, Tasty-period, opens in Moscow
A new Russian fast food chain called Vkusno-i Tochka (Tasty-period) opened just months after McDonald's sold 850 of its restaurants in Russia to Alexander Govor.
Former McDonald's chain in Russia reveals new logo after Golden Arches pull out
The former McDonald's chain in Russia has revealed a new logo as it prepares to reopen under new ownership. The fast-food giant pulled out of the country in May.
California investigates McDonald's where mice, roaches were seen in video: report
A McDonald's restaurant in Sanger, California, was temporarily closed Friday, a day after videos posted online claimed the restaurant is unsanitary, according to a report.
McDonald's hires outside firm to conduct diversity, equity, inclusion assessment
McDonald's, which is facing a number of lawsuits from current and former Black franchisees, is looking to an outside diversity firm to improve the company.
Complaint: McDonald's intentionally sold Muslim family bacon
A Muslim family is seeking monetary damages from McDonalds after they claim the fast-food workers intentionally put bacon in a sandwich the mother had ordered for her children.
Nike won't renew franchise agreements in Russia: report
Nike has reportedly not renewed franchise agreements in Russia. The athletic clothing brand announced it would temporarily suspend operations at all its Nike-owned and -operated stores there due to Russia's invasion of Ukraine.
Wendy's, McDonald's lawsuit claims burger ads mislead consumers on patty sizes
Wendy’s and McDonald’s are being taken to court over the size of their beef patties 50 days after similar allegations were made against Burger King.
McDonald's to sell Russian business
The announcement comes after McDonald's said in early March that it temporarily closed restaurants in Russia and paused operations in the market.
McDonald's benefits from price hikes
Sales at stores that were open at least a year increased 3.5% in the January-March period, even in the midst of an "increasingly complex and uncertain operating environment," according to McDonald's CEO Chris Kempczinski.
McDonald's franchisee agrees to pay $1.5M settlement in workers' sexual harassment lawsuit
Former McDonald's workers agreed to $1.5 settlement from former owners of Michigan restaurant where they allege a middle male manager severely sexually harassed them in front of the general manager who let it happen
McDonald's announces surprise return of Szechuan Sauce
The popular, but rare, sauce will return for a limited time starting at the end of this month.
Russian fast-food chain reveals near-identical logo of McDonald’s after restaurant suspends operations
A Russian fast-food franchise is positioning itself to become the next McDonald’s after the Chicago-based company suspended operations in the country over Russia’s invasion of Ukraine.
Russia warns Western companies of arrests, asset seizures over government criticism
Russian prosecutors have issued stern warnings to Western businesses operating in Russia, threatening to arrest corporate leaders who criticize the Kremlin or to seize the assets of companies that pull out of the nation.
Burger King halts Russia operations following Ukraine invasion
Burger King suspended “all of its corporate support for the Russian market."
McDonald's estimates Russia operation suspension will cost $50M per month
McDonald's CFO Ken Ozan emphasized the fast-food giant is still calculating the overall impact, which will include paying for its leased locations, the salaries of its approximately 62,000 employees in Russia, related supply-chain costs and other expenses.
McDonald's pausing Russia operations, temporarily closing restaurants
Russia and Ukraine combined represented approximately 2% of McDonald's system-wide sales, roughly 9% of its revenue and less than 3% of its operating income in 2021.
McDonald's, PepsiCo urged to cease Russia operations by NY pension fund
The New York State Comptroller's office helps guide a $280 billion fund that has an estimated $110.8 million in public equity investments, including direct holdings and co-mingled funds in Russian companies.
Calls to boycott McDonald's, other brands in wake of Russia's invasion of Ukraine
Major global brands, including McDonald's Corp, PepsiCo Inc. and the Estee Lauder Cos Inc. should consider pausing their operations in Russia, New York state's pension fund chief wrote in letters to several companies on Friday.
US fast food brands vulnerable to shutdowns in Russia amid Ukraine conflict
Major American fast food giants could take a hit if Russia decides to shut down locations in its country in response to U.S. sanctions