All McDonald’s articles – Page 60
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News
Punch dismisses fears tenants are suffering
Punch yesterday said it was seeing no evidence its tenants were suffering while its own turnover held up.The company had issued an AGM statement saying its like-for-like turnover up two percent in the 20 weeks to January 4, against growth of 3% in the year to August 17, and praising ...
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News
Easyinternetcafe looks to sub-leasing for progress
Stelios Haji-Ioannou’s Easyinternetcafe is turning away from the idea of having its own sites towards leasing under-utilised space from other retailers.The original concept, which started in 1998, saw the roll-out of 22 stores in eight countries within two years. By September 2001 the company had £53m of net debt and ...
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News
Diageo sells Burger King to management
Diageo announced this morning that it has finally agreed the sale of Burger King to a private equity consortium backing the fast-food firm’s management for $2.26bn (£1.43bn) in cash. The transaction equals roughly 1x Burger King’s 2001 book value excluding goodwill, or 0.71x after goodwill, and an enterprise value over ...