GFM Network News

McDonald’s reset to change structure, cut costs, boost franchises

Reuters — McDonald’s Corp.’s new CEO said on Monday he would reorganize business units, sell restaurants to franchisees and cut costs in a bid to turn the fast-food chain into a “modern, progressive burger company.” The anticipated video announcement by CEO Steve Easterbrook left investors hungry for specific details on how the world’s biggest restaurant

KFC faces pressure after McDonald’s says no antibiotics in chicken

Los Angeles/Chicago | Reuters — KFC, the world’s largest chain of fried chicken restaurants, may face pressure from consumer and environmental groups to change how its poultry are raised after McDonald’s said it would switch to chicken raised without human antibiotics. McDonald’s will phase out chicken raised with antibiotics that are important to human health

McDonald’s vows ‘modern’ makeover amid U.S. sales struggle

Reuters — McDonald’s on Monday vowed to remake itself as a “modern, progressive burger company” after aggressive competition from Chipotle Mexican Grill, Chick-fil-A and myriad “better burger” chains bit into U.S. restaurant sales last month. February ended the run of former CEO Don Thompson. His short tenure included 2014, when falling profit, revenue and traffic

McDonald’s to phase out human antibiotics from U.S. chicken supply

Reuters — McDonald’s U.S. restaurants will gradually stop buying chicken raised with antibiotics vital to fighting human infections, the most aggressive step by a major food company to change chicken producers’ practices in the fight against dangerous “superbugs.” The world’s biggest restaurant chain announced on Wednesday that within two years, McDonald’s USA will only buy