Guy Hands just bought all McDonald's Nordic restaurants
Reading time 1 min Staff Writer | January 27, 2017McDonald’s Corporation signed a share sale and purchase agreement and agreed on the Master Franchise Agreement with Guy Hands.
Acquisition Guy Hands is expanding his business
The Nordic countries consist of approximately 435 restaurants, of which more than 95% are franchised, and is the clear number one QSR (Quick Service Restaurant) operator in the region. Financial terms of the transaction are not being disclosed.
Under the DL structure, McDonald’s plans to transfer its ownership interest in McDonald’s Norway, Finland, Denmark and Sweden and grant a license to the DL to develop and operate the McDonald’s restaurants in these markets.
The DL partner will provide the capital necessary to support and grow the business.
As part of its turnaround plan announced in May of 2015, McDonald’s committed to refranchising 4,000 restaurants by the end of 2018 with the long-term goal of becoming 95 percent franchised. ■
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