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Q: McDonalds exit of 3 countries ( Answered 5 out of 5 stars,   0 Comments )
Question  
Subject: McDonalds exit of 3 countries
Category: Business and Money
Asked by: drdubble-ga
List Price: $2.50
Posted: 06 Apr 2003 05:58 PDT
Expires: 06 May 2003 05:58 PDT
Question ID: 186749
Recently McDonalds pulled out of 3 countries. I know one was Trinidad.
Does anyone know of the other two?
Answer  
Subject: Re: McDonalds exit of 3 countries
Answered By: markj-ga on 06 Apr 2003 06:21 PDT
Rated:5 out of 5 stars
 
drdubble --

According to a January 23, 2003 Reuters new report, McDonalds has
recently closed its operations in Bolivia, Paraguay and Trinidad. 
Here is the relevant paragraph of the Reuters report:

"The company took charges of $656.9 million after taxes in the fourth
quarter, mainly to cover the cost of closing 719 restaurants, exiting
the markets of Bolivia, Paraguay and Trinidad, restructuring in the
Middle East, cutting some 600 jobs and ending a multiyear technology
project."


Here is a link to the complete Reuters story.  Since the original is
no longer available on the website, this is the version that has been
cached by Google:

Yahoo Finance: "McDonalds Posts First Quarterly Loss"
http://216.239.37.100/search?q=cache:poCB1g3jIuYC:biz.yahoo.com/rb/030123/leisure_mcdonalds_earns_6.html+mcdonalds+closed+OR+withdrawn+operations+trinidad&hl=en&ie=UTF-8

Search Strategy:

Google search using the following terms:
mcdonalds closed OR withdrawn operations trinidad
://www.google.com/search?sourceid=navclient&q=mcdonalds+closed+OR+withdrawn+operations+trinidad

I am confident that this is the information you are seeking and I am
pleased to provide you with a prompt response.  If any of the above is
unclear please ask for clarification before rating this answer.

 
markj-ga
drdubble-ga rated this answer:5 out of 5 stars
very professional - thank you!

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