As per reports, The Kazakh franchisee of U.S. fast food chain McDonald’s (MCD) has suspended operation of all its restaurants from Nov 18 “due to restricted local supplies”, the company, Food Solutions KZ informed.
No details on the supply restrictions, and when its 24 outlets could reopen in the nation of 20 million were informed. The company belongs to Kazakh businessman Kairat Boranbayev who was detained in March on embezzlement charges.
McDonald’s Corporation (MCD) is the leading global food service retailer with nearly 37,000 locations in over 100 countries. The Corporation operates and franchises McDonald’s restaurants in the US and globally, with over 90% of its restaurants owned and operated by local, independent businessmen and women. To learn more about McDonald’s Corporation (MCD) and to track its progress please visit the Vista Partners McDonald’s Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also provides select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
