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Saturday, April 18, 2015

Japan McDonald's Closing 131 Outlets

Above, the golden arches on a Shibuya street. Photo by Armand Vaquer.

Getting a Big Mac in Japan may get a little more difficult as McDonald's Holdings Japan is about to close 131 restaurants due to record losses.

According to News on Japan:
Sarah Casanova, President and CEO of McDonald's Holdings Japan, told reporters on Thursday the company will post a net loss of more than 300 million dollars this year. That's a record loss for the firm and will be the second straight year in the red. 
Additionally, 100 full-time employees will be asked to take early retirement.

To read more, go here.

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