McDonald's China was acquired by China.
CITIC announced at noon on Friday that it mentioned the voluntary announcement on January 9, 217 that CITIC, CITICCapitalChinaPartnersIII, L.P. and CarlyleAsiaPartnersIV, L.P. intend to acquire the controlling interests of McDonald's business in Chinese mainland and Hong Kong through indirect non-wholly-owned subsidiaries of the company.
the board of directors announced that all prerequisites have been met, the acquisition has been approved by the regulatory authorities and the delivery was completed on July 31, 217. This will become the largest franchise business of McDonald's outside the United States, and the partners will operate and manage about 2,7 McDonald's restaurants in Chinese mainland and Hongkong.
according to the announcement, McDonald's entered the Chinese mainland market in 199. China is the third largest market for McDonald's in the world and the fastest growing market for McDonald's in the world.
By the end of 216, there were more than 2,4 McDonald's restaurants in Chinese mainland with more than 12, employees. In 216, McDonald's restaurants in Chinese mainland served more than 1 billion customers.
Extended information:
McDonald's acquisition changed its name:
In November p>217, Zhang Jiayin, CEO of McDonald's China Company, explained in an interview with the media that after CITIC and Carlyle entered McDonald's in 218, although the McDonald's brand remained unchanged, McDonald's USA changed from a major shareholder to a minor shareholder, and McDonald's China became a franchisee with a trademark.
changing its name to "Golden Arch", Zhang Jiayin said that because the image design of McDonald's logo is like two GoldenArches, the nickname "Golden Arches" (literally translated as "Golden Arch") has been used in the company, and the registered name of McDonald's in Brazil is also "Golden Arch" in Portuguese, so China chose the Chinese translation of "Golden Arch" when it decided to change its name.
People's Daily Online-CITIC's acquisition of McDonald's China was approved and the delivery has been completed.