NEW YORK In a rare case of a bankruptcy by a McDonald's franchisee, a seven-unit operator in Brooklyn will give up ownership of the restaurants and leave the system after federal court-supervised bids ranging from $600,000 to $1.6 million were received for his outlets, the Wall Street Journal reported Thursday. Franchisor McDonald's Corp. of Oak Brook, Ill., reportedly exercised its rights of first refusal on four of the locations and would at least temporarily own them, pending ...
It’s free but we need to know a little about you to continually improve our content.
Why Register?
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!