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McDonald's plans to sell Taiwan stores to franchise operator

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Source: 
Jakarta Globe

McDonald's Corp said it is aiming to sell all of its 413 Taiwan-based stores to a franchise operator, as the US fast-food chain looks to cut costs globally and turn around its flagging China business.

The move could help comfort investors who were skeptical and wanted specific details after McDonald’s new CEO Steve Easterbrook announced a revamp plan in May that included reorganizing business units and selling outlets to franchisees.


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