Forever 500
McDonald’s Corp Is Selling Franchisee Rights In Malaysia And Singapore To Reza Food Services
The parent company of McDonald’s, McDonald’s Corp is going to sell the 20 year franchisee rights of its Singapore and Malaysia outlets to Reza Food Services. Reza Food Services already owns and operates McDonald’s outlets in Western and Southern Saudi Arabia.
The Deal
While the deal has not been made official, several news organizations are reporting that sources have confirmed that it has been finalized.
According to the sources, McDonald’s’ has agreed to sell the franchise rights for 20 years for up to $4000 million. Reza Food Services has approached CIMB, a Malaysian bank to finance the transaction.
McDonald’s has 120 restaurants in Singapore and 260 in Malaysia. Last July, it announced that it was looking for franchise partners.
The sale is a part of McDonald’s larger strategy in Asia where it is revamping ownership structures and looking to sell operations in China, Hong Kong and South Korea.
Elevate your Father’s Day celebration with a Sophisticated Highball Night in with your Dad
Elevate your Father’s Day celebration with a Sophisticated Highball Night in with your Dad Father’s Day is a time to...
Sip, Savor, Repeat: Monkey Bar’s Summer Cocktails
Sip, Savor, Repeat: Monkey Bar’s Summer Cocktails Bangalore, May 2024: Get ready to sip your way through summer with Monkey...
Tuk Tuk – The Night Noodle Market at The Fatty Bao
Tuk Tuk The Night Noodle Market at The Fatty Bao Bengaluru, Karnataka – 2nd April, 2024 – Mark your...
Which mangoes are coming in this season? Attributed to – Team Madras Mandi
Which mangoes are coming in this season? Attributed to – Team Madras Mandi India accounts for a staggering 50% of...
Spicing it up! : Foo’s Fiery Edit Menu Is Back
Spicing it up! : Foo’s Fiery Edit Menu Is Back Get ready to turn up the heat with Foo’s much-awaited...