McDonald's to supersize franchise
17 May 2005
McDonald's Corp expects to grant at least 15 franchise licenses this year from among the more than 1,000 applications received since January, James Chu, senior vice-president of McDonald's China Development Co, told China Daily. McDonald's 670 outlets in China are corporate-owned, except for one franchise in Tianjin. By 2008, 10% of McDonald's projected 1,000 outlets in China will be operated by franchises, Chu said.