McDonald’s to Close Restaurants Amid Restructuring

Faced with falling profits, the US-based McDonald’s Corp. has found it necessary to restructure the corporation by slowing down expansion and overhauling U.S. restaurants. McDonald’s also plans to pull out of or restructure in at least seven nations, all located in the Middle East and Latin America. In addition, the corporation will cut individual struggling franchises in at least ten other nations. Sacrificing current profits, McDonald’s is repositioning itself for future growth in an increasingly competitive industry. - YaleGlobal