Chris Kempczinski
McDonald’s Corporation has reached an agreement with Alonyal, the franchise owner in Israel, to repurchase all of its restaurants in the country.Since Alonyal announced last year that it would provide free meals to Israeli soldiers, the...
McDonald's has announced that later this spring, its CEO will assume the position of chairman of the company's board.Chris Kempczinksi, appointed as McDonald’s president and CEO in late 2019, is set to take over the role...
Breaking News
McDonald’s Q4 results show 3.4% sales growth amidst challenges, West Asia boycotts impact performance
McDonald's experienced a challenging conclusion to what initially seemed like a promising year, facing declining sales in numerous markets attributed to the impact of...
McDonald’s faces challenges in Middle East markets amid Israel-Hamas strife
McDonald's CEO Chris Kempczinski said on Thursday that various markets in the Middle East, along with some outside the region, are facing a "meaningful...
McDonald’s unveils ambitious plan to open 50,000 restaurants globally by 2027, introduces CosMc’s concept with focus on cold beverages
On Wednesday, McDonald's announced an aggressive expansion roadmap, targeting 50,000 restaurants worldwide by 2027. The chain also shared plans to introduce CosMc's, a new...
McDonald’s moves to buy 28% stake in Chinese operations from Carlyle
On Monday, McDonald's announced its intention to purchase the 28% stake in a partnership overseeing its operations in mainland China, Hong Kong, and Macau,...
McDonald’s thrives as customers embrace budget menu and new offerings
On Monday, McDonald's surpassed Wall Street's expectations for its quarterly results, thanks to the success of recent product launches, promotional campaigns, and increased demand...
