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.
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