5.4 C
London
Friday, November 22, 2024
HomeNewsMcDonald's Announces Major Expansion in the UK and Ireland

McDonald’s Announces Major Expansion in the UK and Ireland

Date:

Related stories

Gazprom Maintains Stable Gas Deliveries to Europe, Sending 42.3 Million m³ on Monday

Brussels, October 14 (FinanceFlashNews.com) – Gazprom, Russia’s gas producer,...

Markets Anticipate Faster ECB Rate Cuts as Eurozone Inflation Falls

Frankfurt, October 14 (FinanceFlashNews.com) – Financial markets are predicting...

Tax Hike in France Will Hurt Investments, Warns Stellantis CEO

Paris, October 14 (FinanceFlashNews.com) – The French government's plan...

Finland’s Inflation Drops to Lowest Level in Nearly Four Years

Helsinki, October 14 (FinanceFlashNews.com) – Year-on-year inflation in Finland...

Moody’s Downgrades Belgium’s Credit Outlook to Negative

Brussels, October 13 (FinanceFlashNews.com) – Moody's Ratings downgraded Belgium’s...
  • McDonald’s plans to open over 200 new restaurants in the UK and Ireland within the next four years
  • The expansion will create approximately 20,000 new jobs
  • The investment for this growth is estimated at $1.3 billion (1.17 billion euros)

London, August 21, 2024 (FFN) – McDonald’s has announced a significant expansion plan, aiming to open over 200 new restaurants across the United Kingdom and Ireland over the next four years. This ambitious move, the largest expansion program the company has undertaken in these regions in the last 20 years, is expected to generate around 20,000 new jobs.

The expansion is part of a broader global strategy, with McDonald’s aiming to build 10,000 additional restaurants worldwide by 2027. The company will invest approximately $1.3 billion (1.17 billion euros) into this growth initiative, as reported by DPA and other sources.

Currently, McDonald’s operates 1,435 restaurants across the UK, with about 80% of these owned and managed by franchisees. Globally, McDonald’s employs over 170,000 people. The new outlets in the UK and Ireland are a part of the company’s long-term strategy to strengthen its presence in these key markets.


Table:

RegionNumber of New Restaurants PlannedJobs CreatedInvestment (USD)
United Kingdom and Ireland20020,000$1.3 billion
Global10,000[Not Specified][Not Specified]
Financeflashnewshttps://financeflashnews.com
This article was written by the editorial team of Financeflashnews. We strive to provide you with accurate and up-to-date information from the world of finance and investment. If you find any errors in the article, please let us know at corrections@financeflashnews.com. Your feedback is valuable to us and will help us improve the quality of our content.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories