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McDonald's unloads its business in China

Discussion in 'Current Events' started by atheiststories, Jan 9, 2017.

  1. atheiststories

    atheiststories Active Member

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    http://www.businessinsider.com/mcdonalds-unloads-china-business-2017-1

    "HONG KONG — McDonald's Corp. has agreed to sell the bulk of its China and Hong Kong business to the state-backed conglomerate Citic Ltd and Carlyle Group LP for up to $2.1 billion, seeking to expand rapidly without using much of its own capital."

    So McDonald's is pulling out of China. Pretty interesting failure in my opinion because McDonald's is huge there. However, it was a pretty expensive option. Honestly I think it makes sense.

    Maybe Trump can take credit for this too :roll:
     
    atheiststories, Jan 9, 2017
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  2. Fisherguy

    Fisherguy Well-Known Member

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    Fatten up all those Chinese with bad American fast-food unhealthy dining...it's our secret weapon to cripple their health care system.
     
    Fisherguy, Jan 9, 2017
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  3. Brewskier

    Brewskier Well-Known Member

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    Too bad all the poor people in the world can't be as rich as certain white progressives in the US like Meryl Streep, then they could all buy grass fed kobe beef on organic multigrain buns. Or they can go vegan and purchase organic fruits and vegetables at Whole Foods every other day.
     
    Brewskier, Jan 9, 2017
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  4. Dispondent

    Dispondent Well-Known Member Past Donor

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    McDonald's wasn't that popular when I was in China, KFC was the most popular western establishment. Not sure if its a McDonald's failure as much as a smart move...
     
    Dispondent, Jan 9, 2017
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  5. Fisherguy

    Fisherguy Well-Known Member

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    Brewskier: Is that what your new villain Meryl Streep actually eats, or are you projecting again?
     
    Fisherguy, Jan 9, 2017
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  6. APACHERAT

    APACHERAT Well-Known Member Past Donor

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    It's the Chi-Com hamburger meat that McDonald uses. Like every thing from China, it's like the WaPo or the N.Y. Times or the Democrat party, it's fake and contaminated.

    McDonald's says China meat fears hurting sales -> http://www.usatoday.com/story/money/business/2014/08/04/mcdonalds-meat-china/13599211/

    McDonald's Faces Declining Sales In Asia After China Food Scandal -> http://www.forbes.com/sites/greatsp...n-asia-after-china-food-scandal/#78ee93e2561e
     
    APACHERAT, Jan 9, 2017
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