This week on Nation's Restaurant News the top story was McDonald’s largest franchisee renews its agreement for 20 years. Arcos Dorados Holdings Inc., Latin America’s largest restaurant chain and the world’s largest independent McDonald’s franchisee, has renewed its master franchise agreement with the quick-service chain.
The parties finalized a new, 20-year MFA, that became effective on January 1, 2025, and replaced the previous one. The new agreement also includes a renewal option, at McDonald’s discretion, for an additional 20 years, beginning on January 1, 2045.
In other news, the Nasdaq Stock Market has warned Noodles & Company that its share price is too low to meet the exchange’s rules, the fast-casual noodle chain said in a filing on Tuesday. Nasdaq informed Noodles on Dec. 24 that it was in noncompliance with the exchange’s minimum bid price requirement of $1 per share, and had been for more than 30 consecutive business days.
Also, Mera Global LLC, a Mexico-based company, has been awarded the purchase of five TGI Fridays units at the Dallas-Fort Worth International Airport and several in Maryland, a bankruptcy court in North Texas has ruled. A judge ruled in TGI Fridays Chapter 11 bankruptcy case that Mera Global and its owner, Rafael Aguirre, were the high bidders at $34.5 million.
See what else was trending on NRN.com this week.
