26.8 C
Singapore
Saturday, March 2, 2024
Ads

MacDonald’s sold it franchise in Singapore and Malaysia to Saudi Arabia’s Lionhorn Pte Ltd

123

(Image source: cdn01.vulcanpost.com)

Advertisements

MacDonald’s sold it franchise in Singapore and Malaysia to Saudi Arabia’s Lionhorn Pte Ltd on Friday (02 December 2016) as part of a plan to move away from direct ownership in Asia.

It transferred 390 restaurant on 01 December 2016.

Reuters reported in October that McDonald’s was nearing a deal worth up to $400 million to franchise the outlets to Reza group, which also owns and operates McDonald’s outlets in the western and southern regions of Saudi Arabia.

 

- Advertisement -
- Advertisement -
Latest News

MAN APPLIED FOR A JOB BUT GOT REJECTED CAUSE HIS QUALIFICATIONS WERE TOO GOOD

The job I got rejected for was a "graduate" level (2-3 years university) job while I have 2 master's...
- Advertisement -